Media Releases
Wednesday, 3rd December 2008
The Australian Government believes in an Australian-based and majority Australian-owned Qantas.
At no stage has the Government indicated support for any proposal – in principle or otherwise.
Qantas has publicly stated that it is ‘exploring a potential merger with British Airways PLC via a dual-listed company structure’. There has been no proposal put to the Government for approval of any Qantas/British Airways Merger.
Any merger would need to comply fully with Qantas’s obligations under the Qantas Sale Act, the Foreign Acquisitions and Takeovers Act, the Trade Practices Act and Australia’s international Air Services Agreements.
The Qantas Sale Act 1992 requires that:
These provisions ensure that Qantas remains Australian.
Qantas must remain Australian based and majority Australian owned – that will not change. Indeed, all Australian international airlines must be no more than 49 per cent foreign owned.
This applies to Jetstar, V Australia, Pacific Blue, Skyairworld, Air-north, OzJet and three Australian international freight operators - Heavy Lift Cargo, Tasman Cargo and Express Freighters.
The Government’s Aviation Green Paper released yesterday indicated the Government would consider reviewing the additional ownership restrictions that only apply to Qantas, not other Australian international airlines.
The Government has made clear that no consideration is being given to changing any other section of the Qantas Sale Act.
We have been reminded just this week why a national airline is important – not just to the economy, but also for Australia’s national security.
The Government is committed to growing a strong Australian-based aviation industry and Qantas is a key part of Australia’s aviation future.
Electorate Office
334a Marrickville Rd
Marrickville NSW 2204
Phone: 02 9564 3588
Parliament House Office
Parliament House
Canberra ACT 2600
Phone: 02 6277 7700
Electorate Office
334a Marrickville Rd
Marrickville NSW 2204
Phone: 02 9564 3588
Parliament House Office
Parliament House
Canberra ACT 2600
Phone: 02 6277 7700
Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au
We acknowledge the traditional custodians of the land on which our offices stand and we pay our respects to Elders past, present and emerging. We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples. We also recognise the resilience, strength and pride of the Aboriginal and Torres Strait Islander communities.
Authorised by Anthony Albanese. 334a Marrickville Rd, Marrickville NSW 2204.