Etihad Increases Virgin Australia Stake.

Etihad today increased its stake in Virgin Australia to 4.99% and stated its intention to increase this to around 10% once the necessary regulatory approvals are received.

Etihad Takes Stake in Virgin Australia.

Etihad today announced that it has purchased a 4% stake in Virgin Australia for $35.6 million (£23.1 million). Etihad now has stakes in Aer Lingus (3%), Air Berlin (30%), Air Seychelles (40%) and Virgin Australia (4%).

Etihad Takes Stake in Aer Lingus.

Etihad Airways today announced that it had taken a 2.9% stake in Ireland’s Aer Lingus. Etihad stated that it will now enter talks with Aer Lingus which may result in the shareholding being significantly increased.

Etihad Posts Profit.

Etihad Airways today released figures revealing a $14 Million profit for 2011. This figure exceeded expectations and is the first time the airline has posted a full year profit.