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Etihad Airways has acquired a 3.96% stake in
Virgin Australia Holdings.
The stake has been built over recent
weeks, through purchases on the open market.
Etihad Airways said it believes that this equity
investment in Virgin Australia’s domestic operations significantly
strengthens the
10-year strategic partnership forged by the two
carriers in August 2010.
Together, Etihad Airways (21) and V Australia
(3) operate 24 flights a week between Abu Dhabi and Australia and
passengers have access to a combined network of more than 150
destinations.
Last month
Etihad Airways leased a Virgin Australia
Boeing 777-300ER for use on its route between Abu Dhabi and Kuala
Lumpur.
Etihad Airways began flying to Australia in
March, 2007 when it launched services to Sydney. Melbourne and
Brisbane were quickly added. Nearly 2.2 million passengers have
been carried between Abu Dhabi and these three cities in the last
five years.
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