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Qatar Airways to Buy 25% Stake in Virgin Australia, Proposes Doha Flights

Sep 30, 2024, 09:24 PM

Qatar Airways has agreed to purchase a 25% stake in Virgin Australia from Bain Capital. This strategic move aims to expand Qatar Airways' global network of equity holdings and provide travelers with better value airfares and greater choice. The agreement, confirmed by Virgin Australia, comes ahead of the Australian airline's anticipated return to public ownership. Nationals Senator Matt Canavan has welcomed the deal, citing the need for stronger competition in the airline markets. Qatar Airways also proposes Doha flights as part of this initiative.