Originally Posted by
Double_Clutch
For those of you playing along at home, it seems that all airlines are part owned by overseas companies.
QANTAS is very much partly overseas owned. A little research goes along way
Double Clutch, Virgin isn't 'partly owned by overseas companies, it's pretty much fully owned!
Qantas has a 49% cap on foreign ownership.
Virgin is over 91% foreign owned. My taxpayer dollars aren't going to be used saving a grossly mismanaged company that is over 91% foreign owned.
The problem for Virgin's survival is two fold. The foreign ownership, and the core belief in the free market rather than government ownership of assets. The deal needs to be done so that the Chinese,SIA,Etihad& Branson are removed from the company. So if that means it has to collapse before being reborn, I'd suggest that is the government's view.
I'd also suggest that Virgin isn't going to disappear (I hope not) and that a certain deal will be done. But we will just have to wait and see.