Etihad Airways raises stake in Virgin Australia Holdings to 10pc

Discussion in 'General Discussion | Travel' started by GoodBoy, May 21, 2013.  |  Print Topic

  1. Etihad Airways raises stake in Virgin Australia Holdings to 10pc
    ABU Dhabi-based Etihad has confirmed it had increased its shareholding in Virgin Australia Holdings to 10 per cent.
    The airline is understood to have moved last week to take advantage of a sharp fall in Virgin's share price after it revealed its underlying pre-tax profit would be below last year's $82.5 million because of a slowing economy. Virgin shares, which fell 17 per cent on Thursday after closing the previous night at 46c, were trading at 42c this morning.
     
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