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Old 10th Jun 2016, 14:02
  #38 (permalink)  
Ken Borough
 
Join Date: Aug 2007
Location: All over the Planet
Posts: 868
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Qantas must remain at least 51% Australian owned This is enshrined in the Qantas Sale Act that was passed by the Australian Parliament. On the other hand, the international arm of Virgin Australia is notionally Australian owned but reality may suggest otherwise. Some very clever but legal structures were devised by VA to circumvent the requirement that Australian flag carriers be "Australian owned" to the extent that they have established that the international subsidiary complies with that requirement. Just how that is so remains a mystery to me.

As an aside, I think it's very bad government policy that an Australian domestic airline can be 100% foreign owned. Why are we allowing anything that moves to be dominated by foreign interest?
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