The Wire

News broke today of the possible sale of a large share in Qantas to a foreign body. The airline revealed that it has been approached by a consortium led by the Macquarie Bank and American equity firm; Texas Pacific Group. Under current laws foreign ownership of the kangaroo brand is limited to less than 49 per cent but workers unions are worried that any sale will result in immediate job cuts. Senior lecturer in global politics at the Australian National University, Doctor Michael McKinley, tried to put the possible sale of Qantas into perspective.