Jet Airways deal near as Etihad Airways weighs new investment - The National:
"Etihad Airways is expanding its Australian operations while its acquisition of a 24 per cent stake in India's Jet Airways is only days away, according to the company's president.
The carrier is also planning to increase its equity in Virgin Australia from its current 10 per cent shareholding to 19.9 per cent, subject to regulatory approval. It will also add new aircraft, routes, additional flights and airport facilities for its operations in Australia as part of its growth plans.
"Virgin Australia is a key member of our ever-expanding airline equity alliance and Etihad Airways is an active and long-term investor in Virgin," said Etihad's president and chief executive James Hogan. "We have a significant presence in Australia with 28 weekly departures, annual expenditure of over US$100 million, direct employment of 106 staff and engagement of 415 local contractors.""
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