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Etihad gets greenlight for 10% stake in Virgin Australia
Article from Australian Business Traveller
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Great to hear that the FIRB ignored the whinger Joyce :D
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Jarse,
Whilst I agree Joyce is a whinger and I'm far from his greatest fan, he does has a point. QF is limited to 49% foreign ownership. Assuming Etihad takes their stake to 10%, their foreign ownership will total approx 56% (Virgin Group 26%, Air NZ 20%, Etihad 10%). Hardly a level playing field is it. |
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Unlimited funding it seems. All this capital expenditure, yet the coffers continue to flow outward...
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