Etihad extends stake in Virgin Australia
Etihad Airways has upped its stake in Virgin Australia to the maximum allowed by Australia’s Foreign Investment Review Board.
The Abu Dhabi based carrier now holds a 22.9% stake after spending another A$28.34 million last week.
Just prior to completing the transaction, Etihad chief executive James Hogan was elected to the Virgin board.
Hogan told Virgin investors Etihad was not only a shareholder but also a "long-term and active investor" in Virgin.
"We are committed to playing an active role in supporting Virgin Australia, which is both a quality provider of safe air travel and a robust participant in the Australian market," Hogan said.
Etihad earlier this month received approval for its 49% stake in ailing Italian carrier Alitalia and has made investments in Air Berlin, Aer Lingus, Air Seychelles, Air Serbia and Jet Airways.
Virgin Australia’s other major shareholders are Air New Zealand, Singapore Airlines and the Virgin Group.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools