Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday.
Qatar Airways has shared a tumultuous relationship with Australia in the recent past © Mena Today
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against dominant airline Qantas.
U.S. private equity firm Bain Capital had aimed for a A$1 billion ($665.5 million) listing of Virgin on the Australian Securities Exchange but the plan was delayed, Reuters reported last year.
Government-owned Qatar Airways could announce its plans regarding the stake buy as early as next week, the AFR reported.
Bain Capital and Qatar Airways declined to comment.
Qatar Airways has shared a tumultuous relationship with Australia in the recent past after its attempt to increase its air presence in Australia was blocked by the Labor government.
($1 = 1.5026 Australian dollars)
Reporting by Rishav Chatterjee
As French President Emmanuel Macron hosts the Francophonie Summit this Friday and Saturday, the event highlights both the diplomatic limitations facing Macron after his electoral defeat and the growing questions about the relevance and coherence of the organization itself.
Gulf Arab states sought to reassure Iran of their neutrality in the conflict between Tehran and Israel in meetings in Doha this week on the back of concerns that a wider escalation in violence could threaten their oil facilities, two sources told Reuters.
Israel's military said it killed 15 Hezbollah militants in south Lebanon on Thursday and bombed Beirut after its forces suffered their deadliest day on the Lebanese front in a year of clashes with the Iran-backed group.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.