Qatar Airways purchases into Virgin Australia, raises stakes against Qantas

INSUBCONTINENT EXCLUSIVE:
Qatar airways(Photo: Reuters)3 min read Last Updated : Oct 01 2024 | 11:21 AM IST Qatar Airways will buy a 25 per cent stake in Virgin
Australia from U.S
private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against
Australia's government, which denied Qatar Airways' requests last year to fly additional services into Sydney, Melbourne, Brisbane and
have, who has the expertise that we don't have, that can help us compete better domestically by giving us access to that scale," Hrdlicka
gain more traffic to its Doha hub, regardless of whether the Australian government approves Qatar Airways' push for more flying
access for the Qatari carrier
of the Virgin Australia stake to Qatar Airways, but the treasurer has the power after that to accept or reject the recommendation and impose
told reporters after the deal was announced
may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published:
Oct 01 2024 | 11:21 AMIST