PPRuNe Forums - View Single Post - Virgin Australia to be privatised ?
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Old 2nd Apr 2016, 09:26
  #54 (permalink)  
RampDog
 
Join Date: Apr 2001
Location: Sydney,NSW,Australia
Posts: 138
Received 14 Likes on 6 Posts
Absolutely (there's a catchword ) no truth in the rumour that LinFox would take a stake in VA!
Seriously, it's common knowledge Singapore (airline and State) has always coveted an Australian domestic operation, it just makes total sense that they would take the opportunity now that it is presenting itself.
Never say never to any Oz Government, someday in the future allowing 100% foreign ownership of any Australian asset. They'll spin it by saying its good for the economy and the consumer, the usual BS.
The general population has no idea what level of investment Singapore (the "State") has made in Australia already. I can name Optus and REX as just a few of companies, but tried Googling Temasek Holdings for more info.
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