Doesn't make sense to me. IMO very bad use of tax payer money. It is highly unlikely that the loan will be repaid given the damage being done to businesses and individuals from Covid-19 so if the government wants to own this airline they could buy it from the administrator for a fair market value.
When airlines restart flying I would imagine the demand won't be there to support two carriers anyway and government can regulate Qantas if it end up being monopoly on domestic flights until duopoly is established.
IMO we are better to have one strong airline post Covid-19 than two cut throat airlines.
This is only in my opinion, not offered or to be taken as financial advice. Not recommendation. Do your own research.
VAH Price at posting:
8.4¢ Sentiment: None Disclosure: Not Held
