Multimillionaire ad man John Singleton has declared he is ''always interested'' in potential deals and has gone on to describe Qantas as an undervalued airline with a future, but maintained silence over reports he was part of a consortium eyeing the national carrier.
Speculation of takeover by a consortium led by former Qantas boss Geoff Dixon, had been sparked by the company's share price collapse.
Singleton has been named as a possible member of that consortium, who confirmed his interst in the airline, saying Qantas had a future. .
Singleton declined to confirm if he, Dixon and venture capitalist Mark Carnegie were part of a consortium that was about to buy a cornerstone stake in Qantas.
According to Qantas CEO Alan Joyce the airline had set up a defence team to prepare for a ''whole range of scenarios'' but said it had not received any takeover offers.
Joyce has also ruled out an equity raising despite the embattled airline's falling share price.