Etihad reportedly increases Virgin Australia stake by "at least 1.4%"

Etihad Airways has reportedly increased its total shareholding in Virgin Australia by "at least 1.4%".

According to The Australian Financial Review, the Abu Dhabi-based airline bought AUD14.5million (USD12.94million) worth of Virgin shares for AUD0.395 per share in an on-market purchase executed by Patersons Securities.

Prior to the purchase, Etihad had held a 10.55% stake in Virgin. Etihad also has Australian regulatory approval to bring its stake up to 19.9%.

Source: CH-Aviation