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Mar
Qatar Airways Reduces Stake in Virgin Australia as Strategic Shift Takes Place in Australia’s Aviation Market
Qatar Airways Reduces Stake in Virgin Australia as Strategic Shift Takes Place in Australia’s Aviation Market Qatar Airways has made a notable adjustment in its ownership of Virgin Australia, trimming its shareholding by 2%. This reduction, confirmed by a regulatory filing to the Australian Securities Exchange (ASX), signals a shift in the airline’s strategic position within the Australian market. The Doha-based airline now holds a 67.74% voting power in the Australian carrier, a decrease from the previous 69.79%. Despite this adjustment, Qatar Airways remains the largest shareholder in Virgin Australia, maintaining...