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Etihad eyes Air Seychelles acquisition
- United Arab Emirates: Thursday, January 26 - 2012 at 09:15
Etihad Airways is set to make its second airline acquisition in the last five weeks, as the rapidly growing Abu Dhabi-based carrier embarks on an ambitious expansion plan, Reuters has reported. The Abu Dhabi-based carrier is to acquire a 40% share in Air Seychelles under an agreement that will see the airline and the Seychelles government each invest $20m in the state-owned airline. The agreement also includes a five-year management contract for Etihad Airways to encourage Air Seychelles' long-term growth, Etihad said. Last month, state-owned Etihad acquired a stake of around 30% in Germany's Air Berlin.
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StaffThursday, January 26 - 2012 at 09:15 UAE local time (GMT+4)
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