Virgin Australia will almost certainly keep its headquarters in Queensland after the ailing airline was sold to a Boston-based private equity firm.
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Bain Capital has emerged as the winning bidder for the struggling aviation company after it went into voluntary administration earlier this year.
Queensland Treasurer Cameron Dick said he was pleased the airline's headquarters would remain in the state.
"I'm so pleased that Victoria that wanted to relocate Virgin and that NSW that wanted to relocate Virgin, were not successful," he said.
Mr Dick said while the transaction was yet to be finalised, it would include the $200 million offered by the state government to keep its headquarters in Queensland, as well as other confidential incentives.
"This is the best possible deal we could get to secure as many jobs as possible for Queensland," he said.
"We haven't taken off yet, but we are at the end of the runway and we are ready for take off."
The sale and implementation deed is subject to minimal conditions and should be completed before the end of August, the Deloitte administration confirmed on Friday.
Australian Associated Press
