Etihad Airways Cleared to Buy More of Virgin Australia

Etihad Airways hopes that the equity stake will lead to further revenue-generating opportunities for both airlines. (Etihad)

Etihad Airways hopes that the equity stake will lead to further revenue-generating opportunities for both airlines. (Etihad)

The Australian government has given permission for Etihad Airways to increase its 4.99% stake in Virgin Australia, acquired earlier this year, to a maximum of 10%.  The decision follows Etihad’s application to the Foreign Investment Review Board to raise the level of its investment.
Since the original purchase, the multi-tiered partnership between the two airlines has included code-sharing on flights, joint marketing initiatives and reciprocal frequent flier programmes.
Together, the airlines operate 24 flights per week between Australia and Abu Dhabi, giving passengers access to a combined network of more than 285 global destinations.