Virgin Australia has announced it may soon be partly owned by Qatar Airways and proposes new long-haul flights between Australia and Doha.
Virgin Australia has faced significant challenges this year, with its outgoing CEO Jayne Hrdlicka describing the second half of the financial year as "super tough" in September. Hrdlicka took over as CEO in November 2020 after the United States private equity firm Bain Capital rescued Virgin from administration and chartered it through the global COVID-19 pandemic.
"This partnership brings the missing piece to Virgin Australia's longer-term strategy and is a huge vote of confidence in Australian aviation." — Jayne Hrdlicka, CEO, Virgin Australia. In September, Hrdlicka played down speculation Qatar Airways was seeking a stake in the airline, saying "some creative fiction" had been written.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Qatar Airways to take stake in Virgin Australia as it proposes Doha flightsVirgin says a 25 per cent stake would allow it to launch services to Doha, more than a year after Qatar Airways was rejected from doubling its flights to Australia.
Read more »
Qatar Airways plan to buy 25% stake in Virgin Australia could boost competition with QantasProposed sale would allow Virgin to offer long-haul flights and lower domestic prices, airline says, but watchdog will need to scrutinise deal
Read more »
Qatar Airways days from buying Virgin Australia stake, in a huge Australian airline industry shakeupThe deal, expected to be finalised within days, comes nearly 1½ years after Bain Capital delayed a billion-dollar public listing of the Australian airline.
Read more »
Qatar Airways To Take Stake In Virgin Australia, Fly To DohaQatar Airways plans to acquire a 25% stake in Virgin Australia, pending regulatory approval. This deal could see Qatar flying to Sydney, Melbourne, Brisbane and Perth under a 'wet-lease' agreement with Virgin as soon as mid-2025.
Read more »
Virgin Australia offering flights from $45 in massive sale to popular holiday spotVirgin Australia is offering flights from as low as $45 as part of a massive sale to a popular Australian holiday spot.
Read more »
Virgin Australia may have invaded employee’s privacy by accessing hotel footage, legal experts sayCabin crew member’s sacking has been overturned by the Fair Work Commission, but experts say case raises questions about workplace surveillance
Read more »