{"id":79398,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/01\/qatar-airways-eyes-a-20-stake-in-virgin-australia\/"},"modified":"2024-07-01T00:00:00","modified_gmt":"2024-07-01T00:00:00","slug":"qatar-airways-eyes-a-20-stake-in-virgin-australia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/01\/qatar-airways-eyes-a-20-stake-in-virgin-australia\/","title":{"rendered":"Qatar Airways eyes a 20% stake in Virgin Australia"},"content":{"rendered":"

<\/strong>Qatar Airways is reportedly mulling the purchase of a 20% stake in Bain Capital-owned <\/strong>Virgin Australia Airlines<\/strong>, Reuters<\/a> reported last week, citing the Australian Financial Review<\/a> (AFR). The airline could announce details for the acquisition plans as early as this week. Qatar\u2019s interest in a stake requires approval from the Foreign Investment Board which could be blocked by the government, AFR writes.<\/p>\n

REMEMBER- <\/strong>Qatar was denied by Australia a request for additional routes last year over what the Australian government described as invasive body searches of five Australian women<\/a> at Hamad International Airport in 2020. Qatar Airways entered talks more recently with Australia\u2019s government to boost the number of routes<\/a> it operates in the country. The Qatar Chamber also recently inked<\/a>an MoU<\/a> with the Australian Chamber of Commerce and Industry (ACCI) to pursue prospects for trade and investment and to swap business and trade data. <\/p>\n

Qatar Airways has been on an expansion spree: <\/strong>Qatar Airways is set to close<\/a> a 49% acquisition of RwandAir. The carrier also launched its first cargo hub<\/a> at Kigali International Airport (KGL) in Rwanda in partnership with RwandAir. Qatar Airways is also looking to invest in a southern African airline<\/a> as part of expansion plans. <\/p>\n

About Virgin Australia: <\/strong>Virgin Australia is an Australian-based \u201chybrid\u201d airline<\/a> with low-cost carrier features. The airline was acquired by US private equity firm Bain Capital for USD 2 bn<\/a> in 2020. <\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition would give Qatar Airways a 20% stake in Virgin Australia<\/p>\n","protected":false},"author":1,"featured_media":79399,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[145,137,153,329],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-aviation","tag-ma-watch","tag-qatar","tag-qatar-airway","wpautop","entry"],"acf":{"mongo_id":"651a1d38-778c-4f05-9068-60e727d62b34","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/52.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qatar Airways eyes a 20% stake in Virgin Australia","related_issue":[79393],"teaser":"The acquisition would give Qatar Airways a 20% stake in Virgin Australia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e43ca44f-0f48-452b-b0bf-328094a7ee99.mp3"},"yoast_head":"\nQatar Airways eyes a 20% stake in Virgin Australia - 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