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Boost for embattled airline Virgin Australia as Queensland government signs $200million deal that will keep the carrier's HQ in Brisbane until 2030

The Queensland government has signed a $200million investment deal with Virgin Australia to keep the carrier's headquarters in Brisbane until 2030.

The 10-year deal, which involves the state taking an equity stake in the carrier and a series of loans, was signed between the Queensland Investment Corporation and Bain Capital on Monday afternoon.

The Labor government sealed the agreement within 24 hours of going into caretaker mode before the October 31 state election.

The Queensland government has signed a $200million investment deal with Virgin Australia to keep the carrier's headquarters in Brisbane until 2030 (file picture)

The Queensland government has signed a $200million investment deal with Virgin Australia to keep the carrier's headquarters in Brisbane until 2030 (file picture)

The opposition Liberal National Party had threatened to end the talks if it won government and a deal hadn't been struck by the time parliament was dissolved on October 6.

A government spokesman told AAP the deal was expected to deliver a seven per cent return over the first five-year loan period.

The government also hopes the deal will secure regional air routes in the state, but routes remain an operational matter for Virgin and are not covered by the agreement.

The LNP has also promised to reveal with full details of the deal, which are confidential, if it wins the state election.

Earlier on Monday, Treasurer Cameron Dick said the government had worked hard to have a second national airline based in the state, especially for regional communities so dependent on competition in aviation.

Meanwhile, the Queensland government has announced a partnership with Boeing that will see the first military aircraft to be designed, engineered and manufactured in Australia in more than 50 years.

Premier Annastacia Palaszczuk said the partnership meant more high-skilled jobs, local supply opportunities and defence industry stimulus as Queensland continued to recover and grow following the COVID downturn.

'The creation of additional new aerospace capability could see unmanned defence aircraft produced here by the middle of the decade, with prototype testing and certification taking place before that,' she said.

'The unmanned teaming aircraft is Boeing's first military aircraft to be designed and developed outside the US and uses artificial intelligence to extend the capabilities of manned and unmanned platforms.'

Mr Dick said Boeing had 1,700 staff in Queensland and supported 400 Queensland-based suppliers.

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