Etihad Airways welcomes Virgin Australia equity investment announcements

posted on 31/10/2012: 467 views

Etihad Airways has welcomed the announcement by Virgin Australia that it is to acquire a majority stake in Tiger Airways and has reached an in-principle agreement to purchase Skywest Airlines.

"These investments by Virgin Australia consolidate its position today as Australia's most successful and fastest-developing airline. The addition of Tiger and Skywest into its portfolio can only help Virgin Australia's competitive position in the Australian market and across the Asia-Pacific region. We welcome this exciting move by Virgin," President and CEO of Etihad Airways James Hogan, said in a press release.

Etihad Airways holds a 10 per cent stake in Virgin Australia Holdings.

Etihad Airways and Virgin Australia have developed a highly successful, multi-tiered partnership that includes code-sharing on flights, joint marketing initiatives and reciprocal earn-and-burn on their respective frequent flier programs. – Emirates News Agency, WAM

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