Etihad Airways Secures the Go-Ahead to Increase its Equity Stake to10 Percent in Virgin Australia

Etihad Airways announced that the Australian Government granted the Abu Dhabi based carrier the go-ahead to increase its equity stake in Virgin Australia Holdings to a ceiling of 10 per cent. Etihad Airways currently has a 4.99 per cent stake in Virgin Australia, acquired earlier this year, and had applied to the Foreign Investment Review Board (FIRB) to raise the level of its investment.

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