Etihad has no interest in taking over Virgin Australia
Middle Eastern carrier has, however, increased its equity stake in Virgin Australia to reach 10 per cent
September 4, 2012
Etihad Airways confirmed that its equity stake in Virgin Australia Holdings had reached 10 per cent. This represented 221 million shares that have been bought from the open market over recent months. Six weeks ago Etihad Airways received the Foreign Investment Review Board (FIRB) approval to increase its holding from 5 per cent to 10 per cent. Etihad Airways was not interested in becoming a majority shareholder or taking control of Virgin Australia, according to Etihad’s president and chief executive James Hogan.