UAE National Carrier To Provide Five-Year Financing Facilities
Of Up To $255 Million
Etihad Airways, the national airline of the United Arab
Emirates, has agreed to increase its stake in airberlin,
Europe’s sixth largest airline, to 29.21 per cent, becoming
airberlin’s largest single shareholder. The strategic move,
announced Monday in Berlin by Etihad Airways Chief Executive
Officer James Hogan and airberlin CEO Hartmut Mehdorn, connects the
airlines’ extensive networks and frequent flyer programs to
offer travellers 239 destinations across 77 countries.