News

Etihad Confirms Stake in Virgin Australia

Etihad Confirms Stake in Virgin Australia

Etihad Airways has confirmed that it has acquired a 4.99% stake in Virgin Australia Holdings. The stake has been built over 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 and will enrich the commercial benefits that the alliance already provides for both airlines, as well as increasing the benefits to Australian consumers and visitors to Australia.

Etihad A330-200

Together, Etihad Airways (21) and Virgin 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 B777-300ER 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, and Melbourne and Brisbane were quickly added. Nearly 2.2 million passengers have been carried between Abu Dhabi and these three cities in the past five years.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Sales for Silversea’s New Antarctica Bridge Fly-Cruise Service Open on 10 December

Neil SteedmanDecember 5, 2019

Hertz and Air France Launch Hertz DriveU Airport Transfer Service

Neil SteedmanDecember 5, 2019

ITTN’s Great Value Travel Deals – 5th December 2019

Neil SteedmanDecember 5, 2019

Air New Zealand Introduces Edible Cups

Neil SteedmanDecember 5, 2019

SeaDream Cancels New Innovation Ship

Neil SteedmanDecember 5, 2019

Discover the World and LocalMarketing Sign Irish Partnership

Neil SteedmanDecember 5, 2019

Dublin Airport Welcomes 15 New Services This Winter

Neil SteedmanDecember 5, 2019

Christmas Takes Flight as Santa Meets 2,000 Children and Parents Over Shannon Airport

Neil SteedmanDecember 5, 2019

Visit USA Committee Hosts Thanksgiving Night for Agents

Michael FloodDecember 3, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland