DataRoom AM: Fly buy

Etihad ups its Virgin Australia holding while Stockland puts half of the Piccadilly Complex on the market.

The plot thickens at Virgin Australia, with Etihad swooping on stock made available by Virgin Group. We are still none the wiser as to the plans Etihad, Air New Zealand and Singapore Airlines hold for the Australian airline, but there’s plenty of reasons for their interest. Elsewhere, Stockland looks for buyers of office property in Sydney, Leighton seals a rail deal for Whitehaven Coal’s Maules Creek project and the NSW government eyes another asset sale.

Virgin Australia, Virgin Group, Air New Zealand, Etihad Airways, Singapore Airlines

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