(Reuters) -Qatar Airways plans to buy a 25% stake in Australia's No. 2 airline Virgin Australia from U.S. private equity firm Bain Capital, the companies said in a joint statement on Tuesday. The purchase of the minority stake for an undisclosed amount will serve as a cornerstone investment ahead of an anticipated return of Virgin Australia into public ownership,

Qatar Airways plans to take a 25% stake in Australia’s Virgin Australia Airlines Pty, expanding the Gulf carrier’s global network of equity holdings.

Qatar Airways Group intends to acquire a minority 25% equity stake in Virgin Australia from Bain Capital, the airline announced today.

Qatar Airways will buy a 25% stake in Australia's No. 2 airline Virgin Australia from U.S. private equity firm Bain Capital, the companies said on Tuesday, as the Gulf carrier looks for access into Australian routes that the government denied last year.

Qatar Airways has announced plans to buy a 25% minority stake in Virgin Australia from its owner, US private equity firm Bain Capital.

Qatar Airways plans to acquire 25% of Virgin Australia, potentially to reshape the Qantas-dominated Australian aviation market.

Qatar Airways Group has announced plans to buy a 25% minority stake in Virgin Australia from Bain Capital, strengthening the existing partnership between the two airlines. According to Virgin Australia,

Virgin announced on Oct. 1 that Qatar aims to acquire a 25% stake in the Australian airline from owner Bain Capital. The pair are already strategic partners, and the stake would lead them to strengthen their relationship, the carriers said. The Qatar Airways interest has been previously reported.

Qatar Airways plans to acquire a 25 per cent stake in Virgin Australia, while the existing codeshare agreement between the two carriers is also expected to expand.

Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access to the Middle Eastern carrier.