jupiter2
10th Nov 2006, 12:11
November 9, 2006
Australia's Qantas Airways on Thursday downplayed a media report that the airline was facing a potential takeover by a private equity group.
"I don't think it's happening," Qantas Chief Executive Geoff Dixon said when asked if a hedge fund had been buying shares in the airline.
Dixon was speaking at a panel discussion at an aviation industry conference in Singapore.
Qantas shares closed at a four-year high on Tuesday after an unsourced report in The Australian Financial Review newspaper said a private equity fund was eyeing the company.
(Reuters)
Australia's Qantas Airways on Thursday downplayed a media report that the airline was facing a potential takeover by a private equity group.
"I don't think it's happening," Qantas Chief Executive Geoff Dixon said when asked if a hedge fund had been buying shares in the airline.
Dixon was speaking at a panel discussion at an aviation industry conference in Singapore.
Qantas shares closed at a four-year high on Tuesday after an unsourced report in The Australian Financial Review newspaper said a private equity fund was eyeing the company.
(Reuters)