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The Australian government has approved Qatar Airways’ bid to acquire a 25 percent stake in Virgin Australia.
This approval allows Virgin Australia to lease planes and staff from Qatar Airways and begin competing on routes between Australia and Doha starting in June.
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The approval was granted under foreign investment rules, with the announcement made on Thursday morning. However, the deal is still subject to approval by the International Air Services Commission (IASC), which must approve the allocation of air rights for flights between Australia and Qatar.
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A Virgin Australia spokesperson confirmed that the submission to the IASC was uncontested.
