Qatar Airways looking to buy up to 20pc stake in Virgin Australia

Qatar Airways is in talks to buy up to a 20 per cent stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against dominant airline Qantas, reports Reuters.
US private equity firm Bain Capital had aimed for a A$1 billion ($665.5 million) listing of Virgin on the Australian Securities Exchange but the plan was delayed, Reuters reported last year.
Government-owned Qatar Airways could announce its plans regarding the stake buy as early as next week, the AFR reported.
Bain Capital and Qatar Airways declined to comment.
Qatar Airways has shared a tumultuous relationship with Australia in the recent past after its attempt to increase its air presence in Australia was blocked by the Labour government.