After Qantas successfully lobbied against extra Qatar Airways flights, the Middle Eastern airline has exacted revenge on the Flying Kangaroo with a deal that will increase competition and possibly result in cheaper fares.
Qantas lobbied against extra Qatar Airways flights into Australia but will now face competition via Qatar's deal with Virgin .A year is a long time in politics, and long enough for the federal government to learn that Australia's one-time attachment to its national carrier has long passed.
Details of the deal have yet to be disclosed, but it comes after Bain last year failed to drum up enough interest from investors to float Virgin on the Australian Securities Exchange.In some ways, it's a Back to the Future deal that will make it difficult for regulatory authorities to refuse. "We know across the economy, not just in the airline sector, that foreign investment can be in our national interest.
Rex Airlines's bosses are no longer on speaking terms, but they exclusively told Four Corners the inside story of their failed bid to take on Qantas and Virgin and just who's to blame. Whether this deal is the precursor to further such ownership deals with international carriers remains to be seen — but it may be a logical way for Bain to sell down its holdings and return Virgin to an ownership structure reminiscent of pre-pandemic days.This hasn't come as a bolt from the blue for Qantas. Speculation has been rife for the past four months that a deal with Qatar was imminent.
Virgin Qatar Airways Airline Tickets Prices ACCC Competition Flights Travel Routes
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