Qantas to buy MAS stake?

There is talk Qantas wants 25% of Malaysian Airline Systems for A$500 million. However, this can''t happen without Malaysian government approval and Australia is not in Mahathir''s good books.

Qantas is rumoured to be interested in buying around 25% of Malaysian Airline Systems MAS for up to A$500 million $291 million. Certainly, Qantas can afford it and Naluri Bhd, MAS's controlling shareholder with a 29% stake, could do with some money if it is to repay half of its M$1 billion $263 million debt within the next two years, as required under a restructuring deal agreed with creditors in May this year.

Naluri has denied holding talks with Qantas or anyone else with regard to a sale of its MAS stake, while Qantas has admitted to discussions with MAS, though so far has refused to say what these talks...

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