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Confirmed: Etihad Receives No Return On Virgin Australia Investment – Simple Flying
Embattled Gulf carrier Etihad has dropped a bundle of cash on yet another failed airline investment. The administrators…
Embattled Gulf carrier Etihad has dropped a bundle of cash on yet another failed airline investment. The administrators of Virgin Australia have today confirmed that shareholders of the airline will see a zero return on their investment. Etihad held a 21% shareholding in Virgin Australia before it collapsed in April. At the time of the collapse, Etihad’s shareholding was worth around US$109 million.
Etihad has lost its entire investment in Virgin Australia. Photo: Getty Images
But Etihad can f…
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