Etihad Airways has further increased its stake in Virgin Australia, in the wake of official approval for such a move. The Abu Dhabi-based airline has bought a new tranche of shares, lifting its stake in Virgin Australia Holdings (VAH) from 22.9% to 24.2%. Etihad has steadily increased its interest in Virgin Australia since it made an initial purchase of 3.9% of its stockholding in 2012. In a statement Tuesday, Etihad said that the off-market transaction followed clearance from ...

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