Etihad eyes key stake in Air Berlin
Frankfurt, December 19, 2008
Abu Dhabi's Etihad Airways is actively considering taking a stake in Air Berlin, Germany's Sueddeutsche Zeitung reported on Friday, citing unidentified sources.
'Top managers at Etihad have been studying this plan intensively for weeks but have not come to a decision yet, according to industry sources,' the paper said, adding that Etihad's supervisory board had also not addressed the issue.
Shares in Air Berlin, Germany's second-biggest airline after Deutsche Lufthansa, were indicated more than 7 percent higher ahead of the opening of the German market 0800 GMT.-Reuters