British Airways decides to sell its Qantas stake

Article Abstract:

As part of a plan to pay down its debt and prepare for possible acquisitions in Europe, British Airways is selling its s take in Australia's Qantas Airways. The British carrier initially paid A$665 million for its share in Qantas in 1993. Its proceeds on the sale of its stake in Qantas , now down to 18.5% from its original 25% stake in the company , will total A$1.1 billion.

United Kingdom, Strategy & planning, Marketing procedures, Financial management, Management dynamics, Executive changes & profiles, Securities issued, listed, Alliances, partnerships, Licensing/Sales Agreements, Management, Planning, Officials and employees, Finance, Securities, British Airways PLC, Cooperative agreement for product marketing, Company business management, Company securities, Company business planning, Company financing, Eddington, Rod, Marketing agreements

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Qantas warning sends share price sliding to 1998 low

Article Abstract:

Qantas Airways saw its share value fall by 10% after it forecasted lower results for the 2001 year. The carrier expects its results to be affected by the declining economy and increasing competition.

Securities prices

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Northwest says loss will be more than expected

Article Abstract:

Northwest Airlines is expecting to post higher than previously-anticipated losses for the 2001 first-quarter. The carrier will post $130 million to $150 million in losses for the period.

United States, Northwest Airlines Corp., NWAC

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