Etihad Airways has been given the go-ahead by regulators to raise its stake in Virgin Australia to a maximum of 10 per cent.
The UAE flag carrier had made clear its intentions to acquire a greater stake earlier this year and currently owns 4.99 per cent of the Australian airline.
"The [initial] purchase was made following the development of a highly successful multi-tiered partnership between the two airlines that includes code sharing on flights, joint marketing initiatives and reciprocal earn-and-burn on their respective frequent flier programmes," Etihad said.
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