Qatar Airways is reportedly in advanced discussions to acquire a minority stake in Virgin Australia, with the final agreement expected to be signed in the coming days pending approval from the Australian Foreign Investment Review Board. The talks, first disclosed in June by The Australian Financial Review, mark a significant potential investment in Virgin Australia, which has shown robust financial performance. Virgin Australia reported a revenue increase to USD2.8 billion for the six months ending December 31, from USD2.5 billion in the previous year, and a USD129 million profit for the 2023 financial year.
Aviation and Airlines, Private Equity and Investments,Qatar, Australia
https://www.zawya.com/en/business/aviation/qatarairways-in-talks-to-acquire-minority-stake-in-virgin-australia-yfk0nmhf