Virgin Australia

Sydney, Oct 1 (IANS) Qatar Airways has reached a deal to buy a minority stake in Australia's second-largest airline, Virgin Australia. Virgin Australia announced on Tuesday that Qatar Airways will acquire a 25 per cent equity stake in the airline from its owner, Bain Capital, pending approval by the government's Foreign Investment Review Board. Under the proposed deal, Virgin Australia plans to launch flights from Sydney, Melbourne, Brisbane and Perth to Doha, reports Xinhua news agency. Jayne Hrdlicka, chief executive of Virgin Australia, said that the proposed long-haul services would generate an economic benefit of $2.07 billion to the Australian…