What part of Virgin Australia (International) being 51% Australian owned don’t you understand. It is Virgin Australia (Domestic) that is majority owned by Etihad, Singapore Airlines and Air New Zealand. They are two separate companies with two separate listing on the ASX. Both airlines comply 100% with the foreign ownership rules.
Rubbish! VIAH is NOT listed on the ASX. It was created during the split when foreign ownership of VAH was 49%. Each existing VAH shareholder got a stake in VIAH at a share value of $0.000001. VIAH has no equity, shares cannot be traded and can only be sold under limited circumstances, shares are held in a trust.
VIAH is totally funded by VAH and VAH provides aircraft, crew etc etc to VIAH. VAH calls the shots. If VAH decide not to give a dollar to VIAH, then VIAH will not get a dollar.
VIAH is nothing more than a shonky (but brilliantly legal) way to circumvent the ANA. It is a 51% Australian owned Company of nothing. I can imagine the board meetings of the "independent" VIAH consist of nothing more than directions from VAH.