Qatar Airways eyeing 20 per cent stake in Virgin Australia
Ahead of a likely stockmarket float of Australia's second largest domestic airline Virgin Australia, Qatar Airways was today reported to be negotiating to buy a 20 per cent stake.
The Financial Review first reported that Qatar – which severed ties with Qantas to link with Virgin last year – will need to pass the Foreign Investment Review Board.
Virgin Australia has been readied for a stock market float for almost a year now but this has been delayed because of market conditions and the replacement of former CEO Jayne Hrdlicka.
Qatar Airways eyeing 20 per cent stake in Virgin Australia