Liberals want a Qantas that looks like Holden with wings Labor sold Qantas, and the Liberals now want to buy some back? Seriously?: A government buyback of up to 10 per cent of Qantas has emerged as the most likely option to solve the airline's problems... It is believed Mr Hockey and Mr Albanese have been talking and the emerging but not yet agreed political consensus is for the government to Â­provide an implicit credit guarantee by buying between 5 per cent to 10 per cent of the airline back which, at today's prices, would cost about $260 million. What?: JOE Hockey will be asked to stand behind Qantas's debt... Qantas is expected to seek the same kind of guarantee that the commonwealth provided to the nation's banks during the global financial crisis. If Holden's cars had wings, it would look like this Qantas.