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Etihad Airways has welcomed the decision by the
Australian Government to allow the airline to increase its equity
stake in Virgin Australia Holdings to a maximum of 10%.
Etihad Airways currently has a 4.99% stake
in Virgin Australia, acquired earlier this year, and had applied
to the Foreign Investment Review Board (FIRB) to raise the level
of its investment.
The purchase was made following the development
of a successful multi-tiered partnership between the two
airlines that includes codesharing on flights, joint marketing
initiatives and reciprocal earn-and-burn on their respective
frequent flier programs.
Together, Etihad Airways
and Virgin Australia currently operate 24 flights per week between
Australia and Abu Dhabi offering Australian travellers and
visitors to Australia greater choice and access to a combined
network of more than 285 global destinations.
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