Virgin tie-up delayed

The Australian Competition and Consumer Commission has delayed releasing its review of Air New Zealand's plan to increase its stake in Virgin Australia to as much as 26 per cent. It comes as a substantial shareholder notice confirmed that Etihad had increased its stake from 9.5 per cent to 10.5 per cent. Etihad wants to raise its holdings to 20 per cent.

The Australian Competition and Consumer Commission has delayed releasing its review of Air New Zealand's plan to increase its stake in Virgin Australia to as much as 26 per cent. It comes as a substantial shareholder notice confirmed that Etihad had increased its stake from 9.5 per cent to 10.5 per cent. Etihad wants to raise its holdings to 20 per cent.

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