Former Qantas Management Working On Qantas Bid - Report05/07/2012 10:35AM AEST
A group of wealthy individuals, including former Qantas Airways Ltd. (QAN.AU) management, is working on forming a syndicate to make an offer for the company, the Australian Financial Review reported Thursday, without saying where it got the information.
The newspaper reports that the syndicate has recently been testing lenders for debt financing. A Qantas spokeswoman declined to comment on the reports. Qantas shares were up 0.2% at A$1.10 early Thursday.