Etihad Airways president and CEO James Hogan stated the carrier does plan to maintain its 10% stake in Virgin Australia “at the moment” however did not rule out increasing the share stating, “Once the Jet Airways deal is over we'll see what we can do moving forward working with Virgin" (The Australian, 06-Jun-2013). Mr Hogan added, “It's never been a race about investments, it's been how do we build a network that gives us the traffic flows to ensure that Etihad has a sustainable model”.
Etihad Airways to maintain 10% stake in Virgin Australia ‘at the moment’
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