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Old Jun 5, 12, 7:24 am   #1
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Etihad invests in Virgin Australia

Etihad Airways has acquired a 3.96 percent stake in Virgin Australia Holdings, the Abu Dhabi-based carrier said in a statement this morning.

The airline said that the shareholding had been built up in recent weeks through purchases on the open market.

“Etihad Airways 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,” the statement added.

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