Originally Posted by
chookcooker
cool. So the line is somewhere between 49% and 91%.
to simplify, can you please state where exactly your line stands??
50.01%. Virgin is a majority foreign owned company, Qantas is not. It was sold like that for a reason - so it remained an Australian owned company.
The government should have told Rex to get stuffed.
The difference here is that Rex are profitable, and Virgin are not. They have a debt of over $5b, and couldn't make money when the times were good. They definitely wont be making money when the times are bad, and they definitely wont be making money post COVID-19 without significant changes and a restructure. I don't want my $1.4b tax payer dollars spent on a gamble.