Qatar Airways to acquire 25% of Virgin Australia

[SYD]

You think that's 'reality'? . How do you think QR would get its (reported) $1 billion back if it destroyed VA2? Oh, and you think Bain would be OK with that?

Out of curiosity, where was that reported? That figure obviously anchors the value of VA2.0 at around $4b. Handy if an IPO is immanent.

 

[RooFlyer]

Out of curiosity, where was that reported? That figure obviously anchors the value of VA2.0 at around $4b. Handy if an IPO is immanent.

I'll have a look, but I recall the AFR. It was only ever 'reported', though.

 

[RooFlyer]

Right. Clearest I can find is a report in the Australian:

What Qatar Airways paid for Virgin Australia stake

However, DataRoom can now reveal the price that Qatar Airways outlaid for the interest was understood to be about $750m or more, supporting a $3bn valuation of the carrier as a whole.

It will form an important part of any pricing of an initial public offering of the airline next year, with some market observers suggesting this will set an expectation around valuation.

There are a few others giving the $bill number but I suspect they may have picked up on the Oz's figure and taken it as $US ?