Flight to a merger: Australia's main airlines to form mega-carrier
Article Abstract:
The Australian government's plan to merge Qantas and Australian Airlines is expected to result in capital infusion for both the government and the new airline. Qantas will benefit from the merger and privatization which will boost the carrier's assets to over eight billion Australian dollars. The government may also realize some Australian $1.5 billion through its privatization initiatives. The plans are expected to enhance domestic competition, but will adversely affect the viability of Ansett, the second-largest private domestic carrier.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Not top of the pops
Article Abstract:
Leading banks in Australia are experiencing financial problems. Two of these banks are Westpac Banking Corp and Australia and New Zealand Banking Group Ltd. Westpac suffered a A$1.67 billion or $1.2 billion net loss for the first half of the year ending in Mar 31, 1992, for writing off bad debts amounting to A$2.65 billion. ANZ's slight increase in earnings for the same period to A$171 millionfrom A$162.5 million was offset by the necessity for it to aid its ANZ Grindlaybranch which is involved in the stockmarket scam in India.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Buy the farm
Article Abstract:
Improved weather conditions, lower interest rates and higher commodity prices are making Australian farmland purchases an attractive investment. Heavy rains have ended the drought in large areas and boosted farm production. Similarly, prices of wool and wheat have gone up to A$6.50 per kilogram and A$180 per ton respectively. Foreign-investment restrictions have been eased and farmland prices are expected to remain at their current levels.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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