Opinion

The federal government should take an ownership stake in airlines

By Michael Kaine
July 14 2020 - 4:30am
Why should airlines keep all the profits when taxpayers are on the hook for their losses? Picture: Getty Images
Why should airlines keep all the profits when taxpayers are on the hook for their losses? Picture: Getty Images

Pre-pandemic, Melbourne to Sydney was the second-busiest domestic air route in the world, making the border closure a hammer blow to the already teetering Australian aviation industry. It's therefore time for Scott Morrison to take his aviation envoy, Nicholas Moore, off the bench and onto the field to negotiate a government equity stake in Virgin and Qantas.

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