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International Business Times
International Business Times
Business

Regulator Clears Qatar Airways-Virgin Australia Alliance

A Virgin Australia plane touches down at Sydney International Airport on February 27. Australia will let Qatar Airways buy a 25 percent stake in troubled Virgin Australia (Credit: AFP)

Australia's competition regulator gave the go-ahead Friday for Qatar Airways to launch an alliance with Virgin Australia.

The decision clears Qatar Airways to cooperate for five years in an "integrated alliance" with the Australian carrier, in which it will take a 25-percent stake.

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