Australia Briefing

Qatar Buys Virgin Australia Stake From Bain

A Boeing Co. 787 Dreamliner, operated by Qatar Airways.
Photographer: Jason Alden/Bloomberg

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By Jackie Edwards

September 30, 2024 at 10:17 PM UTC

Good morning, it’s Jackie here in Sydney. Here’s what we’re watching today...

Today’s must-reads:
• Qatar Airways to buy Virgin Australia stake
• Home price growth firms
• REA walks away from Rightmove pursuit

Qatar Airways plans to take a 25% stake in Virgin Australia from Bain Capital, expanding the Gulf carrier’s global network of equity holdings. The move aims to give Qatar Airways better access to the Australian market after it was denied more connections by the government last year.