Virgin Blue and Etihad to expand alliance; Skymark shares fall 10% since A380 plans announced

Virgin Blue and Etihad Airways announced plans to expand their alliance to potentially include purchasing, engineering support and aircraft acquisitions as they seek to reduce costs, according to a joint interview with Virgin Blue CEO John Borghetti and Etihad CEO James Hogan in The Australian. Virgin Blue shares advanced 1.1% to AUD0.46 cents on Friday.

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