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.
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.
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.
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.