TheAustralian – Qantas To Seek Federal Aid On Debt – 28 November 2013

The Australian

JOE Hockey will be asked to stand behind Qantas’s debt in a move that would reduce costs for the national icon as it faces an onslaught from foreign-backed Virgin Australia.

Qantas is expected to seek the same kind of guarantee that the commonwealth provided to the nation’s banks during the global financial crisis – a move that could help protect the airline from any ratings downgrade flowing from the massive cut in profits expected by some analysts.

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