My goodness a government actually showing some initiative...T
© Gettyhe Queensland Government has announced it will bid for ownership of embattled airline Virgin Australia in what it calls "Project Maroon".
Today the Palaszczuk Government appointed Queensland Investment Corporation (QIC) to facilitate the bid, which could take the form of a loan, a guarantee or a direct equity stake.
Queensland Treasurer Cameron Dick said "Project Maroon" will serve as a way to create jobs that have been lost as a result of COVID-19.
"My number one focus as Treasurer is to retain and create jobs for Queenslanders, particularly as we move beyond the COVID-19 crisis," said Mr Dick.
"We have been very clear. Two sustainable, national airlines are critical to Australia's economy.
"We have an opportunity to retain not only head office and crew staff in Queensland, but also to grow jobs in the repairs, maintenance and overhaul sector and support both direct and indirect jobs in our tourism sector."
