Yes, I should have been clearer in stating that SQ would probably be denied any significant equity holding in
VB or capacity to influence
VB Board policy.
And the ACCC is not as toothless as you may think. They blocked the Qantas - Air New Zealand proposed arrangements.
I believe the qantas sale act now allows 49% of qantas to be foreign owned.
Yes, in the misguided opinion that if it has 51% Australian owned equity it will be Australian owned and controlled. However, if
one foreign investor held 49%, that investor would in effect, control the airline.