QAN 0.00% $8.31 qantas airways limited

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  1. 680 Posts.
    this looks good for sp...all over print media this evening

    "Labor has offered the government an olive branch on changes to laws dealing with the ownership of Qantas.

    A non-government dominated Senate inquiry report into Qantas jobs has rejected a plan by Prime Minister Tony Abbott to allow the airline to take on majority foreign ownership.

    But the Labor-drafted section of the report recommended the Qantas Sale Act be amended to enable foreign airlines to hold more than 35 per cent of Qantas shares in total or a single foreign investor to hold more than 25 per cent.

    The report said these sub-limits "serve no useful purpose" but the ban on foreign interests owning more than 49 per cent of Qantas was still important."
 
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