Original article by Robyn Ironside
The Australian – Page: Online : 1-Oct-24

Qatar Airways will become a cornerstone investor in Virgin Australia following lengthy negotiations with Bain Capital. The Qatari carrier has agreed to acquire a 25 per cent stake in Virgin, although the latter’s CEO Jayne Hrdlicka concedes that regulatory approval from the Foreign Investment Review Board and the Australian Competition & Consumer Commission cannot be taken for granted. The two airlines have been codesharing partners since 2022. Bain Capital is still expected to pursue an IPO for Virgin before the end of 2024 or in the new year.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED, QATAR AIRWAYS, BAIN CAPITAL LLC, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION