Etihad gets 3.96pc stake in Virgin Australia

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Etihad gets 3.96pc stake in Virgin Australia

June 14, 2012

KARACHI – Etihad Airways confirmed that it has acquired a 3.96 per cent stake in Virgin Australia Holdings, says a press release.

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Etihad Airways believes that this equity investment in Virgin Australia’s domestic operations significantly strengthens the 10-year strategic partnership forged by the two carriers in August 2010 and will enrich the commercial benefits which the alliance already provides for both airlines, as well as increasing the benefits to Australian consumers and visitors to Australia.