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Qantas could split licenses amid Emirates interest

Deutsche Bank has said the decision by Qantas to split its businesses into domestic and international units could lead to Dubai's Emirates buying a stake in the Sydney-based carrier's domestic service, Bloomberg has reported. Tim Clark, president of Emirates told an Australian daily this week that both carriers would benefit from a tie-up. Emirates could take a stake of as much as 30% in a Qantas domestic unit, with its share of debt and equity worth as much as A$1.9bn, Sydney-based Deutsche Bank analyst Cameron McDonald wrote in a May 24 note.