Precedent exists with Nauru Airlines Corporation. 100% foreign owned. Australian registry, Australian AOC. But as far as I know, no domestic RPT rights, although domestic sectors allowed and history of domestic charters flown.
But could a totally foreign owned company operate exclusively within Australia?
Nope, not even a Kiwi company can do that under the Trans Tasman Agreement. They must have their principal business in NZ.
Most countries protect their domestic aviation industry by requiring considerable local ownership.
Last edited by Mach E Avelli; 28th Jul 2014 at 21:45.