New Australian aviation policy raises foreign ownership cap

Source: ATW Daily

"Qantas and Virgin Blue welcomed the Australian government's draft National Aviation Policy Statement or "Green Paper" as "forward-looking and balanced." The new policy allows a single overseas interest to take up to a 49% stake in Qantas, up from 25%. The government also said it will relaunch its effort to select a site for a new Sydney airport well away from the so-called "Sydney basin." La suite.