Etihad gets nod to raise stake in VAH

Etihad gets nod to raise stake in VAH
By admin

The Australian Government has given the green light to Etihad Airways to increase its equity stake in Virgin Australia Holdings to as much as 10%.

The Abu Dhabi-based airline currently has a 4.99% holding in the in Virgin Australia, acquired earlier this year, and had applied to the Foreign Investment Review Board to increase the stake.

An increase would serve as a deepening of the partnership between the two airlines which includes codesharing on flights, joint marketing initiatives and reciprocal frequent flyer programs.

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