09 January 2007

Possible FIRB conditions on Qantas sale?

There has been some speculation as to what conditions the Australian Treasurer, Peter Costello, advised by the Foreign Investment Review Board (FIRB), might impose on the Qantas sale. Reference was made in an article in The Australian yesterday to the Minister of Transport, Mark Vaile, expecting similar conditions to those imposed on Air New Zealand (NZ) when it purchased the final 50% of Ansett (AN). The article also reports Vaile's commitment to protect the proposed launch of services to the USA by Virgin Blue from competition from SQ.

The ministerial media statement detailing the conditions that were imposed on Air New Zealand in 1990 is available here.

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