Etihad grows stake in Virgin Australia to 19.9%

Etihad grows stake in Virgin Australia to 19.9%
By admin


Abu Dhabi-based carrier Etihad has grown its stake in Virgin Australia to 19.9%, it has been confirmed. 

Etihad now holds more than 515 million shares in its partner airline, taking it to the threshold approved by Australia’s Foreign Investment Review Board in June 2013.

“We are delighted to have reached this milestone,” Etihad president and chief executive James Hogan said.

“It reflects our strong support for the business strategy and management team of Virgin Australia and our enduring commitment to the Australian market.

 “It also reflects the close working relationship between our two airlines and we look forward to strengthening its commercial foundations.”

The increased stake will "enrich" the commercial benefits of the 10-year commercial partnership between the two airlines, he added.

Struck in August 2010, the partnership sees them codeshare on flights, coordinate sales and marketing activities and reciprocal frequent flyer arrangements.

Last week, Air New Zealand received the green light from the Australian treasurer to raise its shareholding in Virgin Australia to 25.9%.

Latest News

  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]