Etihad increases Virgin Australia stake to nearly 5%

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Etihad Airways has further increased its equity stake in Virgin Australia Holdings by purchasing another 1.03% in the Australian carrier.

On 5 June, the UAE carrier confirmed plans for the 3.96% acquisition saying the stake had been built over recent weeks, through purchases on the open market.

With 4.99% in the domestic arm of Virgin Australia, in which it has a 10-year strategic partnership, Etihad says it remains interested in building a larger stake over time.