Etihad waiting to affirm position in Virgin Australia | GulfNews.com:
"Etihad Airways took a 3.96 per cent stake in Virgin Australia almost two years ago on the open market. The move signalled a series of “creep investments”, which took Etihad to eventually hold a 19.9 per cent stake in the Australian carrier.
Today, (Saturday), the Abu Dhabi government-backed airline is waiting on regulatory approval from Australia’s Foreign Investment Review Board (FIRB) to lift its stake past 20 per cent. It has been waiting several months as the FIRB completes its due diligence processes.
Equity stake partnership are not unique for Etihad, it has stakes in six other airlines. But the Virgin Australia partnership is different from the others."
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