British Airways sells Qatas shares

Britain's major air carrier sells its stake in Australia's Qantas Airways, while Australia's central bank leaves interest rates unchanged.
British Airways, the largest air carrier in Britain and the second largest in Europe, has raised $770-million by selling its 18-percent stake in Sydney-based Qantas Airways. The British airline says it will use the proceeds to reduce its debt and possibly look for other acquisitions in Europe.