Airline owner hijacks News to push Government out of Qantas
VIRGIN boss Sir Richard Branson has taken out a full-page advertisement in News Corp papers, warning the Federal Government against providing financial assistance for rival airline Qantas.
The Government has indicated it supports lifting foreign ownership restrictions and is prepared to provide extra help for the Flying Kangaroo, which could come in the form of a debt guarantee.
Sir Richard took out a full-page ad in News Corp Australia papers to warn that international businesses "should think twice" about investing in Australia if the Government provides assistance.
"Should the Australian taxpayer be forced by the Australian Government to prop up the Qantas Group, as Federal Treasurer Joe Hockey is suggesting, business people worldwide should think twice about investing in Australia for fear of such intervention in their sectors," Sir Richard wrote.
"Qantas has gone to its shareholders on numerous occasions over the last few years to wage its capacity war against us.
Read more at ABC News Online