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Cheaper airfares on cards as Virgin-Qatar deal gets the nod

Qatar Airways has received approval to acquire a 25% stake in Virgin Australia, increasing competition and choice for Australian travelers, according to Treasurer Jim Chalmers.
Virgin Australia surpassed Qantas with a 35% domestic market share, marking a significant shift in the aviation industry, according to a report by the ACCC.
The deal will add 28 new weekly flights from Doha to various Australian cities, starting in June, as mentioned by Jim Chalmers.
Jayne Hrdlicka, CEO of Virgin Australia, described the deal as a major turning point for the airline, enhancing jobs and tourism opportunities in Australia.

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Australian Financial Review

Qatar-Virgin takeoff is good news. But it is still an airline duopoly

It’s time to plan for the only long-term hope for new entries and greater competition – the opening of Sydney’s second airport.

4 days ago·Sydney, Australia

WA travellers among first to benefit from Qatar-Virgin deal

WA travellers chasing cheaper airfares and a greater choice of holiday destinations in Europe and the Middle East will be among the first in Australia to benefit from a new airline alliance.

5 days ago·Australia

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Sydney Morning Herald

Cheaper airfares on cards as Virgin-Qatar deal gets the nod

Treasurer Jim Chalmers has approved Qatar Airways taking a 25 per cent stake in Virgin Australia, but put a couple of safeguards in as well.

5 days ago·Sydney, Australia

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The Straits Times

Qatar Airways wins approval for 25% stake in Virgin Australia

The move will inject foreign competition into Australia's Qantas-dominated aviation sector.

5 days ago·Singapore

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SBS News

A 'major win' for travellers: What to expect from the Qatar-Virgin Australia deal

The deal will open new routes for travellers and is expected to provide a long-term pathway for Virgin Australia to operate its own long-haul flights.

6 days ago·Sydney, Australia

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ABC Australia

Nvidia posts strong results, treasurer approves Qatar-Virgin deal, ASX opens higher

Treasurer Jim Chalmers approves Qatar's 25 per cent stake in Virgin with strict conditions, while tech giant Nvidia reports strong fourth-quarter results. Follow live.

6 days ago·Australia

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