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Ethiad to now hold 49.9% ownership of Air Berlin...

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  • Ethiad to now hold 49.9% ownership of Air Berlin...

    http://gulfnews.com/business/aviatio...take-1.1307340

    Ailing German airline Air Berlin, which is almost 30 per cent owned by Abu Dhabi-based Etihad Airways, will be delisted, with Etihad raising its stake to 49.9 per cent, German weekly WirtschaftsWoche reported on Saturday.
    Well, if you shake enough money at it...

    Its airline holdings stretch from the Seychelles to Ireland and Australia, giving it access to populous regions and lucrative air traffic routes. It has also entered into a strategic code-share deal with Air France-KLM.

    Etihad is also in the final phase of due diligence to take an equity stake in troubled Italian flagship carrier Alitalia, burdened with its more than €800 million (Dh4.05 billion) debt and growing competition.
    So, why worry about local carriers when you can just buy a bunch of them. I hope that they're successful in this...
    Whatever is necessary, is never unwise.
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