Etihad seeking bigger stake in Virgin Australia

April 27, 2014 12:55 am

Etihad Airways is waiting the regulatory approval from Australia’s Foreign Investment Review Board (FIRB) to increase its stake in Virgin Australia from the current 3.96% to over 20%, Gulf News has reported. The Abu Dhabi government-backed airline been waiting several months as the FIRB completes its due diligence processes. The two carriers fly 28 times a week from Australia to Abu Dhabi, which will increase to 35 flights in July when Etihad launches a daily Perth service.