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Qatar Airways to acquire stake in Virgin Australia
Gulf carrier Qatar Airways plans to take a 25% stake in Virgin Australia.
The airline agreed a deal with Virgin parent Bain Capital.
The transaction is subject to a final approval by Australia’s Foreign Investment Review Board
“This partnership brings the missing piece to Virgin Australia’s longer-term strategy,” said Virgin CEO Jayne Hrdlicka.
“It will further strengthen Virgin Australia’s ability to compete over the long term, which will inevitably translate into more choice and better value airfares.”
A deal would spur expansion of Virgin Australia’s international network.
It plans to launch Doha flights from Brisbane, Melbourne, Perth and Sydney.
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Learn more about : Qatar Airways ( Asia Pecific )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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