QANTAS chairman Leigh Clifford has renewed calls to lift the airline’s foreign ownership restrictions, saying the cap jeopardises its plans to buy new ultra-long haul jets.
Speaking to Fairfax Media, Clifford said the 49% foreign ownership cap imposed by the Qantas Sale Act was restricting the airline’s ability to raise capital.
“We haven’t got a particular need at the moment, but at some stage we’re going to have to dramatically renew the fleet,” Clifford said.
“At some stage we’re going to have to replace the (Airbus) 380s… and (ceo) Alan (Joyce) has talked of the challenge we’ve put out to Airbus and Boeing for long-range aircraft.
“Well, these don’t come cheaply,” he said, adding that the airline would continue to “engage with government” on the issue.
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