Foreign Owners Now Hold More Than 56% Of Virgin Australia As Etihad Builds Stake

Etihad Airways is continuing to raise its ownership stake in Virgin Australia, which is now more than 56% owned by its overseas airline partners. In a notice to the Australian stockmarket, Etihad says it bought A$11.8 million ($10.9 million) worth of Virgin Australia shares from Sept. 4-12, lifting...

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