US EditionQatar Airways seeking 25% stake in Virgin Australia
- Qatar Airways is set to acquire a 25% stake in Virgin Australia after an agreement with Bain Capital, pending approval from the Foreign Investment Review Board.
- The partnership aims to increase direct flights from Brisbane, Melbourne, Perth, and Sydney to Doha, enhancing global connectivity for Australian travelers.
- This deal could reshape Australia's aviation market, currently dominated by Qantas, potentially opening over 100 new travel itineraries worldwide.
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Qatar Airways is set to acquire 25% of Virgin Australia. Who will be the winners?
Qatar Airways’ previous attempts to expand in Australia haven’t always gone smoothly. But will Qantas be worried regardless? The post Qatar Airways is set to acquire 25% of Virgin Australia. Who will be the winners? appeared first on Crikey.
Qatar Airways is set to acquire 25% of Virgin Australia. Who will be the winners?
Peter Gudella/ShutterstockQatar Airways has announced plans to buy a 25% minority stake in Virgin Australia from its owner, US private equity firm Bain Capital. The two airlines have already had a strong relationship as “codeshare partners” since 2022. Codesharing is where airlines agree to sell seats on each other’s flights. This new announcement, however, is a big step up. All of this will, of course, be subject to approval from both Austral…
Qatar Airways unveiled on Tuesday an offer to take a 25% stake in the troubled airline Virgin Australia, an operation that could upset the Australian market dominated by Qantas....
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