Qantas speaks on Qantas Sale Act

Dino D'Amore
By Dino D'Amore November 28, 2013 12:07

Qantas speaks on Qantas Sale Act

Qantas chief executive Alan Joyce has commented that it is not “realistically achievable” for parliament to remove foreign ownership restrictions on the airline as required under the Qantas Sale Act, which requires the airline to be 51% Australian-owned.

The Australian treasurer Joe Hockey has called for a debate on whether foreigners should be allowed to own or control Qantas. He described the Qantas Sale Act as “regulatory handcuffs”.

Joyce commented that any change to the Act would not help to fix the “urgent and immediate matters at hand”, referring to the now foreign-government ownership of Virgin Australia which he says has resulted in Australia’s aviation market no longer being a fair playing field. Joyce also commented that Australians are unlikely to support changes ending Qantas’s status as majority Australian-owned, while the process “would be prolonged, during which time Virgin Australia would be free to continue its anti-competitive strategy aimed at crippling Qantas. We simply do not have the time”.

Dino D'Amore
By Dino D'Amore November 28, 2013 12:07
No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fqantas-speaks-on-qantas-sale-act%2F"> registered </a> users can comment.