Abu Dhabi’s Etihad doubles stake in Virgin Australia - Transport - ArabianBusiness.com

Abu Dhabi’s Etihad doubles stake in Virgin Australia - Transport - ArabianBusiness.com:

"Abu Dhabi’s Etihad Airways has more than doubled its stake in Virgin Australia, a strategically important airline partner, to a maximum 19.9 percent.
The stronger alliance between the two carriers is likely to help them compete against the historic agreement between Dubai-based Emirates and Australian flag carrier Qantas, which launched in March and is viewed as a formidable partnership.
Etihad, which originally owned 9 percent, has been buying up Virgin shares on the Australian Stock Exchange in recent weeks and now holds more than 515m.
It is not known whether any of those shares were held by Virgin Group CEO Richard Branson, who in May hinted that he would sell his remaining 13 percent stake after recently selling 10 percent to Singapore Airlines, taking that carrier’s holding to 19.9 percent."

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