More Aussie companies sold- more wealth shipped off overseas
Australian owned Aeromil has recently been sold to foreign owned Hawker Pacific.
AMSA has just given a $640 million contract to foreign owned Cobham.
This means all their profits and wealth creation will be drained from Australia and will head off overseas.
A few decades ago most of the Search and Rescue money would end up in the hands of local Aussie owned GA businesses. Remember PADS?
Why can't we own and operate successful aviation businesses that can win these contracts? Are we that mediocre ?
By the way- who owns Hawker Pacific? Where does the money go?