The ambitious A$11.1 billion ($8.64 billion) buyout bid from Airline Partners Australia to take Qantas private will succeed, according to the Sydney-based Centre for Asia Pacific Aviation, if only because the consequences of failure "are too grotesque to imagine." Speaking yesterday to ATWOnline, Executive Chairman Peter Harbison said, "If the deal is knocked back, there would be a massive loss of confidence and the share market would bail out of the stock, sending the share price below last ...

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