Qatar Airways Acquires 25% Stake in Virgin Australia from Bain

Published:

October 2, 2024

Updated:

October 15, 2024

Original article here

Qatar Airways will buy a 25% stake in Virgin Australia from the airline’s private equity owner Bain Capital Ventures. The deal makes Virgin’s Velocity Frequent Flyer program more competitive with Qantas Loyalty with more opportunities for Virgin customers to earn and burn across a strengthened international network.