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.
Sydney Morning Herald · 1d
Australia news LIVE: Treasurer approves Qatar-Virgin deal; Health insurance premiums to rise
The treasurer said his decision was in line with the advice of the Foreign Investment Review Board, and that the approval is subject to legally enforceable conditions including Australian representation on Virgin’s board, long-haul flight training of Australian pilots and cabin crews in Doha, and protection of its customer data.
Travel Weekly · 23h
Qatar Airways' investment in Virgin Australia wins approval
Qatar Airways will take a 25% stake in Virgin Australia, following approval of the investment by Australia's Department of the Treasury. The investment sets the stage for Virgin Australia to resume long-haul flying this summer for the first time since reorganizing during the pandemic.
It’s time to plan for the only long-term hope for new entries and greater competition – the opening of Sydney’s second ...
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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