Alan Joyce's Sales Act saddle

Etihad's approved increase to a 10 per cent stake in Virgin would rile the Qantas CEO because it serves as a painful reminder that Borghetti is gnawing away at Qantas' domestic market share and of its beleaguered international arm.

There doesn’t appear to be any hidden agenda behind Etihad Airways desire to own at least 10 per cent of Virgin Australia, and potentially more in the longer term. That won’t stop the increasing financial backing of Virgin Australia by his major international competitors annoying Qantas’ Alan Joyce, whose team lobbied against the approval.

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