Etihad Overtakes Richard Branson as 3rd Largest Virgin Australia Shareholder
A plane spotter snaps a shot of Virgin Australia. Noel Jones / Flickr
Richard Branson plans to sell his remaining stock in the airline, which Etihad will likely pick up to reach its shareholder goal. Branson will continue to receive royalties from the airline for using the Virgin brand.
Excerpt from The Sydney Morning Herald
Etihad has overtaken English entrepreneur Richard Branson to become Virgin Australia’s third-largest shareholder, after further buying by the Middle Eastern airline as it edges towards its goal of a 19.9 per cent holding.
A substantial shareholder notice lodged today shows Etihad has boosted its stake in Virgin to 13.4 per cent, up from 12.3 per cent.