*Qatar gets green light for Virgin Australia stake* The Australian government has approved Qatar Airways' acquisition of a 25% stake in Virgin Australia, a move expected to enhance competition in the aviation sector and provide more options for travelers. Treasurer Jim Chalmers announced the decision, stating it aligns with the national interest following advice from the Foreign Investment Review Board (FIRB). The approval comes with conditions to ensure Australian representation on Virgin's board and the protection of customer data. This partnership is set to boost international flight offerings, with Virgin Australia planning to commence long-haul flights to Doha starting in June 2025, pending final regulatory approvals. These flights will be operated using aircraft wet-leased from Qatar Airways. Bain Capital will retain a majority stake in Virgin Australia, with Qatar Airways' investment providing the airline access to the scale and expertise of a leading global carrier. Virgin Australia CEO Jayne Hrdlicka expressed optimism, highlighting that the partnership will support the airline's growth and competitiveness. The Australian Competition and Consumer Commission (ACCC) has also backed the alliance, anticipating improved services and increased competition in the aviation market. This development is expected to place downward pressure on airfares and generate significant economic value for the Australian tourism sector, estimated at $3 billion over the next five years. This strategic move comes after the Australian government's previous denial of Qatar Airways' request for additional flight services into major Australian cities in 2023. The current approval signifies a strengthening relationship between the two airlines, aiming to offer enhanced services and more choices for Australian travelers. _*#flywithfavour;* Bringing to you, the latest news in the world of aviation 🛬🛫✈️🌍_