Qatar Airways approaches the landing strip on Virgin Australia stake
Qatar Airways is close to finalising a deal to acquire a minority stake in Virgin Australia, almost 1½ years after its private equity owner Bain Capital delayed a billion-dollar float of the carrier and pivoted to courting strategic buyers.
Street Talk understands Qatar is within days of signing the deal, although it would be conditional on receiving approval from the Foreign Investment Review Board. The talks were first revealed by The Australian Financial Review in June.
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A previous version of this article said Virgin Australia chief financial officer Race Strauss was leaving. Mr Strauss remains the airline’s CFO.
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