The Federal Government is playing down the likelihood it is about to give Qantas a debt guarantee, ahead of the release of the airline's half-yearly results.
The airline is expected to unveil a multi-million dollar loss for the past 12 months when it announces the results this morning.
It is refusing to comment on reports upwards of 5,000 jobs could be cut in the wake of the results.
The Government has been waiting to see Qantas's half-yearly figures before it makes any decisions about how it might help the struggling airline.
The Government is already drafting changes to the Sale Act but sources have told the ABC it is unlikely to offer a debt guarantee as an immediate solution.
more: Federal Government plays down likelihood of Qantas debt guarantee
The Federal Government is playing down the likelihood it is about to give Qantas a debt guarantee, ahead of the release of the airline's half-yearly results.
The airline is expected to unveil a multi-million dollar loss for the past 12 months when it announces the results this morning.
It is refusing to comment on reports upwards of 5,000 jobs could be cut in the wake of the results.
The Government has been waiting to see Qantas's half-yearly figures before it makes any decisions about how it might help the struggling airline.
The Government is already drafting changes to the Sale Act but sources have told the ABC it is unlikely to offer a debt guarantee as an immediate solution.
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