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Qantas Airways Ltd said it planned to cut up to 2,500 jobs by outsourcing its Australian ground handling operations to lower costs
Administrator Deloitte said they had been selected from five non-binding proposals received on Friday. It is seeking a binding agreement with the winning bidder by June 30.
Conditions include provisions that loans may convert to government equity stakes, with Air New Zealand Ltd's bailout also dependent on suspending its dividend and paying interest rates of 7% to 9%
In a two-way codeshare agreement, each airline on its distribution system can sell seats on other's flights
Qantas flight QF7879 took 19 hours and 16 minutes to fly direct from New York to Sydney
Qantas's international unit made just 10.7 Australian cents of revenue per seat, per kilometer flown in its last fiscal year through June, of which 10.3 Australian cents was used on operating costs
Qantas Chief Executive Officer Alan Joyce is betting he can make money from the daily service by stripping excess weight from a Boeing Co. Dreamliner