Airlines
Qatar Airways to buy a 25% minority stake in Virgin Australia
Qatar Airways Group is set to strengthen its partnership with Virgin Australia by acquiring a 25% minority stake from Bain Capital.
As one of the world’s leading airlines, qatar airways, recently named the best airline globally by Skytrax for the eighth time this year, is expected to enhance Virgin Australia’s growth and competitiveness in the Australian market.
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This deeper collaboration aims to boost competition in Australian aviation, offering travelers more value and options. Virgin Australia’s resilience and success are crucial for maintaining healthy domestic competition, and qatar air’ investment brings the expertise and scale of a world-class airline.
This strategic investment by qatar air line Group also positions Virgin Australia for a potential return to public ownership, allowing Australians to become stakeholders in the airline’s future. The partnership, pending approval from the Australian Competition and Consumer Commission (ACCC), will allow Virgin Australia to launch flights from Brisbane, Melbourne, Perth, and Sydney to Doha, connecting with Qatar Airways’ extensive global network.
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These additional qatar airlines flights will offer over 100 new connecting routes across Europe, the Middle East, and Africa, benefiting Australian travelers. Starting in mid-2025, wet lease services will enable Virgin Australia to evaluate the long-term potential of operating wide-body aircraft, enhancing competition for long-haul travel.
The expanded codeshare and cooperation agreement will give passengers more international travel options with improved schedules, more earning and redemption opportunities for Velocity and qatar airways Privilege Club members, and better value fares for leisure, SME, and corporate travelers.
This strengthened partnership is expected to drive significant job creation and economic growth across the aviation and tourism sectors in Australia.
