Meaning of “flag carrier” in the English Dictionary

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"flag carrier" in Business English

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flag carriernoun [ C ]

uk us also flag airline

TRANSPORT an airline that is or was owned by a government, often with the name of the country in its name:

Air India, the country's flag carrier
The Australian government raised A$1.45 billion from the sale of its 75% stake in the national flag carrier.

(Definition of “flag carrier” from the Cambridge Business English Dictionary © Cambridge University Press)