Australia PM Spurns Qantas Plea For Help As Carrier Cut To Junk Status
Australia's prime minister Tony Abbott spurned a plea for help from Qantas Airways Ltd on Friday, saying subsidising the embattled airline would be "a bottomless pit" as its credit rating was relegated to junk status. Moody's also said it may cut its rating on Qantas below investment grade. Abbott's comments suggested Chief Executive Alan Joyce had cut little ice with calls to government ... Read News
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