Originally Posted by
LeadSled
And when was Virgin nationalised?? I must have missed that one.
Tootle pip!!
It's a publicly listed company, 'privatised' means taking it private - i.e. buying up all the shares and making it an unlisted company.
Qantas was NOT privatised, although it was referred to as that, it was publicly floated - e.g. it went from being (legally) a company owned by the government, although structured and operated like a private company (i.e. it was not a division of the Australian National Airlines Commission like TN) to being a public company.
Air NZ originally could be more correctly referred to as being 'privatised' as it was sold in blocks to a consortium consisting of Brierly Investments Limited, Qantas Airways Limited, Japan Air Lines Ltd and American Airlines LLC with some shares publicly floated.