Abu Dhabi’s Etihad Airways has increased its stake in Virgin Australia to 21.24% from 19.9%, following approval from Australia’s Foreign Investment Review Board. Etihad first purchased a stake in Virgin Australia in June 2012, taking a nominal 3.96% shareholding in the airline. It has since increased its stake in small increments, reaching 19.9% in October 2013. The two airlines signed a 10-year commercial partnership agreement in August 2010, and Virgin Australia has since ...

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