The state-owned Queensland Investment Corporation (QIC) will make an official bid for a stake in Virgin Australia.

The state-owned Queensland Investment Corporation (QIC) is set to make an official bid for a stake in Virgin Australia.
Queensland Treasurer Cameron Dick released a statement confirming the move to save the airline and retain its headquarters in Brisbane.
Mr Dick said it could take the form of a direct equity stake, a loan, a guarantee or other financial incentives.
“We have been very clear two sustainable, national airlines are critical to Australia’s economy,” he said.
Prior to going into voluntary administration, the Queensland Government had offered $200 million towards a support package that was conditional on Commonwealth Government backing.
More to come.