The Australian government on Thursday approved Qatar Airways' move to buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital saying the deal would deliver more international flights and support jobs.

The Australian government has approved Qatar Airways’ investment in Virgin Australia, which is an important part of the multifaceted partnership proposed by the two carriers. Australian Treasurer Jim Chalmers ruled that Qatar Airways can proceed with its plan to purchase a 25% minority stake in Virgin Australia.

Qatar Airways has finally received regulatory approval to take a 25% minority stake in Virgin Australia paving the way for international collaboration.

Move will inject foreign competition into Australia's Qantas-dominated aviation sector. Read more at straitstimes.com.

Australian travellers are set to benefit after a deeper strategic partnership between Virgin Australia and Qatar Airways Group was given the green light by the Australian Government. Qatar Airways Group's minority 25 per cent investment in Virgin Australia has now received Foreign Investment Review Board (FIRB) approval following the federal Treasurer's announcement today.

Treasurer Jim Chalmers has given the green light for Qatar Airways to buy a 25% stake in Virgin Australia, as part of a strategic alliance. The deal will shake up the Australian aviation market.

Qatar Airways has clinched regulatory approval for a 25% investment in Virgin Australia, paving the way for the Australian carrier to eventually restart long-haul operations.

Qatar Airways Ltd.’s acquisition of a 25% stake in Virgin Australia can proceed subject to enforceable conditions, Australian Treasurer Jim Chalmers said, adding the deal would improve competition in the country’s highly-concentrated aviation sector.

Qatar Airways will take a 25% stake in Virgin Australia, following approval of the investment by Australia's Department of the Treasury. The investment sets the stage for Virgin Australia to resume long-haul flying this summer for the first time since reorganizing during the pandemic.

(Reuters) - Australia's Treasurer Jim Chalmers approved Qatar Airways' proposal to buy a 25% stake in Virgin Australia, the Australian Financial Review reported early on Thursday.

Australia on Thursday approved Qatar Airways buying a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a challenge for national flag carrier Qantas that has long dominated Australian air routes.