Qantas Predicts Another Airline will Buy In Now Restrictions Are Looser
Qantas Predicts Another Airline will Buy In Now Restrictions Are Looser Qantas Airways expects another Airline will buy a stake in the Australian carrier over the longer term now that some Foreign Investment Restrictions have been lifted, says chief Financial officer Gareth Evans. In terms of the way we view the landscape for us we have always been fans of consolidation whether it be through commercial arrangements or stronger ties, more equity ties we have certainly been fans of that, he said at the CAPA Australia Pacific Aviation Summit on Thursday. Consolidation is the way of the future for the aviation industry. But at the same time it never happens quickly. Changes to the Qantas Sale Act mean a foreign airline could own up to 49 per cent of the Australian carrier, although that would restrict its ability to have any Foreign Institutional shareholders, which currently comprise about 40 per cent of the share register. It is not complete removal but it is certainly a ste...