The Australian government will relax the ownership rules for Qantas, allowing the national airline to play a bigger role in consolidation of the global airline industry. Under the new policy, detailed in a 246-page "Aviation White Paper," the government will eliminate the 25% ownership cap for foreign individuals and 35% cap for foreign airlines for a combined ceiling of 49%. Qantas must remain domiciled in Australia and have an Australian-controlled board. Yesterday, Federal Transport ...

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