Qatar Airways to acquire 25% stake in Virgin Australia from Bain Capital.

Qatar Airways, a national airline of the State of Qatar, agreed to acquire 25% stake in Virgin Australia, an Australian airline, from Bain Capital, a private investment firm. Financial terms were not disclosed. “This partnership brings the missing piece to Virgin Australia’s longer-term strategy and is a huge vote of confidence in Australian aviation. Importantly, it will further strengthen Virgin Australia’s ability to compete over the long term, which will inevitably translate into more choice and even better value airfares for consumers as well as additional Australian aviation jobs,” Jayne Hrdlicka, Virgin Australia Group CEO.