Qatar Airways plans to buy 25% stake in Virgin Australia to boost international flights

Virgin Australia says proposed sale will boost consumer choice, but competition watchdog will first need to scrutinise dealFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQatar Airways plans to buy a 25% stake in Virgin Australia from its private equity owner, in a deal designed to shake up the local aviation market by creating a stronger competitor to Qantas.The proposed sale will allow Virgin to start offering long-haul flights for the first time since 2020 and compete more vigorously in the lucrative domestic market. It also bolsters the airline’s loyalty program against Qantas’s rival points offering.Sign up for Guardian Australia’s breaking news email Continue reading…



Source link : https://www.theguardian.com/business/2024/oct/01/qatar-airways-bid-buy-virgin-stake-australia

Author : Jonathan Barrett Senior business reporter

Publish date : 2024-10-01 01:57:03

Copyright for syndicated content belongs to the linked Source.