Qantas said Macquarie Bank in Sydney and Texas Pacific Group have both made offers, which assorted media estimate at approximately $8.5 billion.
The carrier's share price has suffered from high fuel prices and falling profits. And with low interest rates empowering well-heeled investors and the appeal of Qantas' strong cash flow, it is now in public play.
"It's got one of the healthiest balance sheets in the industry," said Ian Thomas, a consultant for the Center for Asia-Pacific Aviation in Sydney, adding that the company's cost-cutting program seemed to be working well.
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