Australia's Qantas slips as Qatar Airways buys stake in rival airline Virgin Australia
** Shares of Qantas Airways QAN.AX fall as much as 4.3% to A$7.100, hitting their highest level since Sept 19
** Stock set for biggest intraday loss since early August, if current trend holds
** Qatar Airways set to buy a 25% stake in Australia's no. 2 airline Virgin Australia IPO-VIR.AX from U.S. private equity firm Bain Capital
** As part of deal, Virgin Australia plans to launch flights from Brisbane, Melbourne, Perth and Sydney to Doha with leased aircraft by mid-2025
** Deal will now need to be signed off by Australia's government
** QAN stock up 38.2% YTD, as of last close
Reporting by Shivangi Lahiri in Bengaluru
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