A governmental filing with the Independent Air Services Commission says a Qantas call for a public inquiry into Virgin Australia’s recent restructuring to allow for increased foreign equity is neither “necessary nor appropriate.” This restructuring involves Virgin Australia Airlines shareholders receiving a specie dividend in an unlisted entity Virgin Australia International Holdings. This turns the [...]
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IASC
Is there a great big Singapore strategy for Qantas?
Qantas may not get the public hearing it has recommended the Independent Air Services Commission hold on the possible consequences of the Virgin Australia restructuring, but it’s submission will be examined, as will a departmental submission, and any response that Virgin Australia may make to them. This process will give Qantas another opportunity to advance [...]
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Virgin Australia bowls first in its bid for rich new stakeholders but will Qantas choose to bat?
Update: Since this story appeared the Minister for Transport Anthony Albanese has said that Qantas has to work out how to continue conforming to the Qantas Sale Act restrictions on foreign ownership, and that Virgin Australia doesn’t need government approval to make its commercial decision to restructure its business. Virgin Australia has applied for a [...]
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