air-berlin

Etihad in talks to boost Air Berlin stake

: Tuesday, April 08 - 2014 @ 01:50

James Hogan, President and CEO of Etihad Airways has said the Abu Dhabi airline is in discussions to change its partnership with equity stake partner, Air Berlin, Gulf News has reported. “We are in the final stages of negotiating the next stage of that partnership,” said Hogan at the invitation-only Global Aerospace Summit in Abu Dhabi. Etihad Airways is reportedly in discussions to increase its stake in the German carrier from almost 30% to 49.9%. Air Berlin will reportedly delist from the London Stock Exchange as part of the deal.

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Tuesday, April 8- 2014 @ 1:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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