SYDNEY: Canberra will let Qatar Airways buy a 25 percent stake in troubled airline Virgin Australia, a senior government minister said Thursday, injecting foreign competition into the nation’s Qantas-dominated aviation sector.
Qatar will pay an undisclosed sum to acquire a minority stake in Virgin Australia after the deal was blessed by Australia’s competition watchdog.
“It is expected to strengthen competition in the aviation sector,” Treasurer Jim Chalmers said in a statement.
The…
