VAH 0.00% 8.6¢ virgin australia holdings limited

Virgin seeking $1.4bn bailout., page-97

  1. 20,403 Posts.
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    So why does it matter whether VAH has 90% foreign ownership?
    QAN has 36% foreign ownership but no one ever mentions that.
    The foreign ownership % is completely irrelevant to the situation at hand.

    With your logic the government shouldn't be paying peoples wages either, just let them lose their jobs & their homes. That's free market.
    And why bother interfering when overseas companies buy out Australian companies?
    That's the free market.

    I don't think you'll find that VAH has bought any of it's own shares, again completely irrelevant.

    So while the US is giving $50bn USD of support to it's multiple domestic airlines to ensure their survival, maintain competion & ensure the efficient movement of people & goods you're happy for Australia to have a monopoly that inhibits the recovery, limits capacity & massively drives up prices?

    I think the case for this government to not interfere in the markets has well & truly bolted.
 
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