the govt sold Qantas. now they are saying they are going to bail it out. THEN WHY SELL IT?????


"The federal government is set to provide Qantas with a debt guarantee, meaning taxpayers will underwrite the airline's push to increase its foreign ownership.

The plan also increases pressure on the Labor opposition by making the removal of the guarantee conditional upon allowing the airline access to greater foreign capital investment.

The move would make the public liable for Qantas borrowings in the event of default.

It is the first part of a bigger plan to allow majority foreign ownership of the airline.

[link to www.smh.com.au]