FINANCIAL NEWS

Etihad Airlines looks at 10% of Virgin Australia

05 Jun 2012

(MENAFN) The UAE airline carrier Etihad Airways is looking to raise their stake in Virgin Australia to 10 percent at minimum, reported the Daily Star.

James Hogan, the CEO of Etihad said that with a 4 percent holding in Virgin already they would like to increase it to at least 10 percent aligning with their aggressive expansion plan.

Etihad also said that they have no intention of buying any stakes in Virgin Australia’s rival airline, Qantas which recently warned of a 91 percent loss this year.

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