Cashed-up Qantas to look for Asian growth after takeover: Analysts

Sydney: Qantas is poised for aggressive international expansion, particularly in Asia, if its takeover clears regulatory hurdles and the bidders prove they are not corporate raiders, analysts said.
Private equity consortium Airline Partners Australia (APA) will seal one of the largest takeovers in aviation history if its 11.1-billion-dollar (8.7 billion US) bid proceeds after winning support from the Qantas board last week.
While board members were won over by a package that includes generous remuneration for top executives, misgivings remain in Australia about the bidders’ intentions and the prospect of a national icon being controlled by an international consortium.
APA has repeatedly stressed that Qantas will remained Australian-controlled under the consortium, with offshore investors including US-based Texas Pacific Group and Canada’s Onex representing less that 40 percent of the group.
17/12/06 AFP/Times of Oman, Oman

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