Etihad Airways has increased its stake in Virgin Australia to 19.9%.
It follows a series of on-market purchases of shares over recent weeks.
At 19.9%, Etihad Airways has reached the threshold approved by Australia’s Foreign Investment Review Board in June 2013.
The two airlines signed a 10-year strategic partnership agreement in August 2010 that includes code-sharing on flights, joint sales and marketing activities, and reciprocal rewards in their frequent flyer programmes.
Etihad also holds equity investments in airberlin, Air Seychelles and Aer Lingus. It will acquire 49% of Air Serbia from January 2014, and, subject to regulatory approval, will buy 24% of India’s Jet Airways.
