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Qantas ownership changes may slide

written by australianaviation.com.au | May 7, 2010
photo - Rob Finlayson
photo - Rob Finlayson

Changes to the Qantas Sale Act to relax restrictions on the airline’s ownership have been put on hold until after the federal election later this year, according to a report in the Australian Financial Review.

The newspaper states that the amendments to the Act are not on the parliamentary agenda for May and June in the lead up to the eight week winter break. Parliament would then resume in September, although that may be suspended depending on the timing of the election.

As part of the Aviation White Paper, the Labor government has committed to removing foreign ownership caps on Qantas which were part of its original sale in 1993, although it will remain majority Australian owned. Qantas CEO Alan Joyce welcomed the changes, which were announced last year, noting that it would open up the airline to access greater foreign capital over the coming years.

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Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Qantas ownership changes may slide

written by australianaviation.com.au | May 7, 2010
photo - Rob Finlayson
photo - Rob Finlayson

Changes to the Qantas Sale Act to relax restrictions on the airline’s ownership have been put on hold until after the federal election later this year, according to a report in the Australian Financial Review.

The newspaper states that the amendments to the Act are not on the parliamentary agenda for May and June in the lead up to the eight week winter break. Parliament would then resume in September, although that may be suspended depending on the timing of the election.

As part of the Aviation White Paper, the Labor government has committed to removing foreign ownership caps on Qantas which were part of its original sale in 1993, although it will remain majority Australian owned. Qantas CEO Alan Joyce welcomed the changes, which were announced last year, noting that it would open up the airline to access greater foreign capital over the coming years.

Advertisement
Advertisement

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Qantas ownership changes may slide

written by australianaviation.com.au | May 7, 2010
photo - Rob Finlayson
photo - Rob Finlayson

Changes to the Qantas Sale Act to relax restrictions on the airline’s ownership have been put on hold until after the federal election later this year, according to a report in the Australian Financial Review.

The newspaper states that the amendments to the Act are not on the parliamentary agenda for May and June in the lead up to the eight week winter break. Parliament would then resume in September, although that may be suspended depending on the timing of the election.

As part of the Aviation White Paper, the Labor government has committed to removing foreign ownership caps on Qantas which were part of its original sale in 1993, although it will remain majority Australian owned. Qantas CEO Alan Joyce welcomed the changes, which were announced last year, noting that it would open up the airline to access greater foreign capital over the coming years.

Advertisement
Advertisement

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

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