Jun
13
Qantas May Be Target for Chinese Airlines, Credit Suisse Says
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At least 5% stake available for overseas investors, bank says
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China Eastern and China Southern may be potential suitors
Qantas Airways Ltd. could be China’s next investment target after conglomerates from the country bought stakes in the Australian carrier’s closest domestic rival, Credit Suisse Group AG said.
Separate investments in Virgin Australia Holdings Ltd. by HNA Group and Nanshan Group in the past two weeks have put around one third of the airline in Chinese hands. HNA owns Hainan Airlines Co. and Nanshan controls Qingdao Airlines. In an alliance with HNA, Virgin Australia plans to start direct flights to and from China next year…
Qantas May Be Target for Chinese Airlines, Credit Suisse Says
