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Aviation in Australia began in 1920 with the formation of Qantas, which became the flag carrier of Australia. The Australian National Airways (ANA) was the predominant domestic carrier from the mid-1930s to the early 1950s. After World War II, Qantas was nationalised and its domestic operations were transferred to Trans Australia Airlines (TAA) in 1946. The Two Airlines Policy was formally established in 1952 to ensure the viability of both airlines. However, ANA's leadership was quickly eroded by TAA, and it was acquired by Ansett Transport Industries in 1957. The duopoly continued for the next four decades. In the mid-1990s TAA was merged with Qantas and later privatised. Ansett collapsed in September 2001. In the following years, Virgin Australia became a challenger to Qantas. Both companies launched low-cost subsidiaries Jetstar and Tigerair Australia, respectively.
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