Limit raised on Qantas foreign stake

Limit raised on Qantas foreign stake

The Australian government is raising the foreign ownership limit in the state airline Qantas, which is 25 per cent-owned by British Airways. The current 35 per cent cap on foreign shareholdings is being raised to 49 per cent to attract international demand for Qantas's planned flotation. However, a 25 per cent limit on individual shareholdings will remain unchanged.