Qatar Airways looking to buy up to 20% stake in Virgin Australia
This comes as carriers challenge dominant airline Qantas for more market share in Australia
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QATAR Airways is in talks to buy up to a 20 per cent stake in Bain Capital-owned Virgin Australia, the Australian Financial Review reported on Wednesday (Jun 26).
This comes as carriers fight for more market share in the country against dominant airline Qantas.
US private equity firm Bain Capital had aimed for a A$1 billion (S$904.1 million) listing of Virgin on the Australian Securities Exchange, but the plan was delayed
Qatar Airways could announce its plans regarding the stake buy as early as next week.
Bain Capital and Qatar Airways declined to comment.
Qatar Airways has shared a tumultuous relationship with Australia in the recent past after an attempt to increase its air presence in the country was blocked by the Labor government. REUTERS
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