Qatar Airways buys into Virgin Australia, raising the stakes against Qantas

Quick Summary:

SYDNEY: Qatar Airways will buy a 25% 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 giving access to the Middle Eastern carrier.

Qantas has a partnership with Dubai-based Emirates, a rival of Qatar Airways.

The denial last year raised questions about the Australian government's relationship with Qantas, which lobbied against more access for the Qatari carrier.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaHong KongIndonesiaQatar

Topics: Aviation /Business/Business News Virgin Australia Qantas Qatar Airways

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 16:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22833131

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 19 minutes ago

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Publisher ID: #22

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