The Australian government, as expected, yesterday rejected Singapore Airlines' plans to offer service on the transpacific route to the US, bowing to a concerted campaign by Qantas to limit competition on its most profitable route and ruling that there would be minimal benefits to Australia. The route accounts for 20% of Qantas's profits, according to the Sydney Morning Herald. It wasn't all good news for Qantas, however, as the government blocked its effort to lift foreign ownership beyond ...

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