Qantas Plans To Buy 20% AdamAir Stake
Qantas plans to acquire a 20% stake in Indonesian regional carrier AdamAir, which should give a competitive boost to the small carrier. Qantas offered to buy 30% but was offered 20%, because AdamAir plans to offload 20% through an initial public offering (IPO) planned in late 2007 or early 2008. The...
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