Etihad Gains Ownership Foothold In Virgin Australia

By Adrian Schofield adrian_schofield@aviationweek.com, Jens Flottau jens_flottau@aviationweek.com .
Source: AWIN First .

Etihad Airways is pursuing a stake of up to 10% in Virgin Australia, taking advantage of a recent restructuring of the Australian carrier that is aimed at allowing more overseas investment. Etihad confirmed that it has acquired a 3.96% share of Virgin Australia’s domestic entity on the stock market in recent weeks, and CEO James Hogan says his intention is to take the stake up to 10%. The value was not released ...

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