PM denies Qantas trade-off

Shares in airline lift as Abbott denies a 'secret deal' on jobs while 'reluctant' cabinet eyes emergency aid.

Qantas Airways (QAN) will not have to guarantee a certain number of jobs in Australia in exchange for relaxed foreign ownership laws, Prime Minister Tony Abbott says.

Possible changes to the Qantas Sale Act have prompted fears from Labor and the unions that jobs will go overseas.

But investors were impressed, sending Qantas shares 3.64% higher to $1.28 at 1440 AEDT, against a benchmark index index lift of 0.23%.

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