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International Business Times
International Business Times
Business
AFP News

Qatar Airways Seeking 25% Stake In Virgin Australia

Under the plan, Qatar Airways would take a minority stake in Virgin for an undisclosed sum (Credit: AFP)

Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia's Qantas-dominated market.

The airlines, along with Virgin owner Bain Capital, announced details of the long-rumoured agreement before markets opened in Sydney.

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