Originally Posted by
planejane
Meanwhile, in March 1993 the Australian government pumped AUD 1.35 billion into Qantas to enhance the company's competitive position ahead of privatization.'
It makes perfect sense to ensure that the newly-privatised Qantas would be on a competitive footing and thus in a position to deliver maximum returns.
Virgin Australia, on the other hand, is privately owned. Virgin can go and raise more money from private sources if it wants, and that appears to be what they're doing, and I hope they get the money from big Australian companies and investors who 'get' Virgin and what it's trying to do. But I can't justify over a billion dollars of taxpayer money, of debt which I and my kids will be saddled with, being used to prop up a private company.