Etihad gets FIRB tick for 19.9% Virgin stake

Etihad Airways has received the Foreign Investment Review Board’s stamp of approval to increase its Virgin Australia share to 19.9 per cent, according to The Australian.

The move comes despite Etihad’s declaration it would keep its share at 10 per cent “at the moment”, the paper said.

The airline is understood to want to keep its options open, after Air New Zealand recently lifted its investment in Virgin to 23 per cent, from 20 per cent previously.

"Once the Jet deal is over we'll see what we can do moving forward working with Virgin," Etihad chief executive James Hogan said, according to The Australian.

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