Qantas says it is not opposed to Qatar stake in Virgin Australia [Yahoo! Finance Canada]
QANTAS AIR LTD S/ADR NEW (QABSY)
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qantas.com/travel/airlines/investors/global/en
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Source: Yahoo! Finance Canada
"Qantas is not opposed to foreign airlines owning stakes in Australian airlines," Chair John Mullen said at its annual meeting. "As part of the regulatory examination of the proposed transaction, we would anticipate that the proposed deal will be assessed in the context of Australian jobs and employment, the effectiveness of Australia's air services framework and the appropriateness of wet leasing arrangements," he added. Virgin Australia has asked the government to allow it to start operating flights from Australia to Doha by June next year using Qatar Airways aircraft and crew in an arrangement known as "wet leasing". A union representing Qantas pilots has criticised this proposal for not creating jobs within Australia. Qantas CEO Vanessa Hudson said her airline welcomed competition and it did not have a specific figure on how the proposed Qatar deal would impact the company. Many Qatar Airways passengers fly between Australia and Europe including a stop in its Doha hub.
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