Australia's Allco says may take part in Qantas bid

SYDNEY, Nov 23 (Reuters) Australia's Allco Finance Group Ltd. said on Thursday it was considering taking part in a proposed bid for national airline Qantas Airways Ltd.

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Allco's aircraft leasing business leases 22 planes to Qantas.

Investment bank Macquarie Bank and private equity firm Texas Pacific Group have proposed buying out Qantas in a deal that could be worth more than A billion (.7 billion).

Reuters SBA VP0520