The Australian Foreign Investment Review Board has approved Qatar Airways’ proposal to acquire a 25pc stake in Virgin Australia, aimed at enhancing competition in the aviation sector.
Treasurer Jim Chalmers stated that the partnership will offer more flight options for Australians, reduce airfares, and positively impact the broader economy.
Virgin Australia will commence wet leasing B777-300ERs from Qatar Airways and initiate daily flights to Doha starting in June, pending final authorisation from the Australian Competition and Consumer Commission.
Virgin Australia’s CEO, Jayne Hrdlicka, affirmed that the investment signifies strong confidence in the airline’s future, while Qatar Airways’ CEO emphasised the anticipated benefits for customers and the economy through the alliance.
