AVIATION INDUSTRY

Virgin Australia and Etihad in talks to boost partnership

Etihad Airways, which has a minority stake in Virgin Australia Holdings, is in discussions with the carrier to boost their partnership.

The airlines continue to see strong commercial benefits from the alliance, particularly on the joint codeshare agreements on each other"™s networks, Peter Baumgartner, Etihad Airway"™ chief executive, said in a statement to The National.

"Together we continue to explore areas of potential expansion for both strategic and operational synergies," he said.

The third-biggest Arabian Gulf carrier, which had purchased a 20 per cent stake in Virgin Australia in 2012, is currently undertaking a company-wide review of its global business. Etihad restructured its business over the past year but is yet to reveal details of its future plans. The airline will adopt a "strategic" approach to expansion and future collaborations after pulling out of its investments in Alitalia and Air Berlin, Tony Douglas, Etihad Aviation Group"™s chief executive, said in April…

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