Qatar Airways seeking 25% stake in Virgin Australia …C0NTINUE READING HERE >>>
Under the plan, Qatar Airways would take a minority stake in Virgin for an undisclosed sum.
Photo: Odd ANDERSEN / AFP/File
Source: AFP
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia’s Qantas-dominated market.
The airlines, along with Virgin owner Bain Capital, announced details of the proposed agreement, which had long been rumoured, before markets opened in Sydney.
Under the plan, Qatar would take a minority stake in Virgin for an undisclosed sum.
The firms said it would spell more direct…
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