FIRB approves Qatar Airways’ partial purchase of Virgin Australia.
VA is finally cleared for take-off on its sale of equity to Qatar Airways, with Treasurer Jim Chalmers confirming the news this morning.
“On the advice of the Foreign Investment Review Board, I have approved this proposal, subject to legally enforceable conditions that ensure Australian representation on VA’s board and protection of its customer data,” Chalmers said.
It is not currently known how many board seats QR will hold at VA after the sale.
The announcement follows the ACCC giving preliminary approval on 18 Feb for more flights to Doha from June.
More details in today’s issue of Travel Daily.