Qatar Airways, Virgin Australia
Australia Allows Qatar Airways to Take Virgin Australia Stake
Qatar Airways Ltd.’s acquisition of a 25% stake in Virgin Australia can proceed subject to enforceable conditions, Australian Treasurer Jim Chalmers said, adding the deal would improve competition in the country’s highly-concentrated aviation sector.
Airways · 21h
Qatar Airways Secures Stake in Virgin Australia
Qatar Airways’ investment will provide VA with access to the expertise and scale of a global airline, enhancing its ability to compete in domestic and international markets. Existing shareholders—Bain Capital, Virgin Group, and Queensland Investment Corporation—will retain their stakes in the airline.
Aviation Week · 8h
Australian Treasurer Allows Qatar Airways Stake In Virgin Australia
The Australian government has approved Qatar Airways’ investment in Virgin Australia, which is an important part of the multifaceted partnership proposed by the two carriers. Australian Treasurer Jim Chalmers ruled that Qatar Airways can proceed with its plan to purchase a 25% minority stake in Virgin Australia.
Approval allows flights between Doha and four Australian cities Qatar Airways still awaiting government approval to buy 25% ...
The Australian understands the Middle East carrier paid $1bn to buy the 25 per cent of Virgin from US private equity firm ...
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