Limit raised on Qantas foreign stake

Tuesday 09 May 1995 23:02 BST

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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.

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