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Qantas' bet on state aid fails as Abbott blocks debt backstop

Wednesday, March 5, 2014 - 06:00

[SYDNEY] Qantas Airways' bid for government aid suffered a blow as Australian Prime Minister Tony Abbott ruled out guaranteeing its debt and instead proposed allowing more foreign investment in the airline. The government will seek to amend the 1992 Qantas Sale Act, which caps foreign ownership

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