We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Deal Allows Qantas Takeover To Take Off

Law360 (March 6, 2007, 12:00 AM EST) -- The Australian government has approved the $8.6 billion (A$11.1 billion) takeover bid for Qantas Airways Ltd. by Airline Partners of Australia after APA promised to expand service internationally and throughout Australia.

The government negotiated a legally enforceable deed with APA before agreeing to support the takeover on Tuesday, according to Peter Costello, treasurer for the Commonwealth of Australia.

Under the terms of the deed, Qantas must expand internationally and within Australia, invest substantially in new aircrafts, keep maintenance jobs in Australia and provide customers with a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.