Etihad backs $321m loan to Virgin Australia | GulfNews.com:
"Abu Dhabi’s Etihad Airways is backing a 425 million Australian dollar ($321 million) loan to Virgin Australia to help fix the Australian carrier's balance sheet.
Virgin Australia has taken out a 12 month A$425 million unsecured loan from its major shareholders Etihad Airways, Air New Zealand, Singapore Airlines and Virgin Group. The four major shareholders own 83.8 per cent of the Australian carriers, according to Gulf News’ calculations.
Details of the loan were posted by Virgin Australia on the Australian Stock Exchange (ASX) on Tuesday. Virgin Australia said the shareholders would contribute to the facility in proportion to their shareholdings.
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