Etihad Airways receives approval for stake in Air Serbia

25 Mar 2014

(MENAFN) Etihad Airways announced that it received government and regulatory approvals, consents and permissions to take a 49 percent stake in Air Serbia, Arabian Business reported.

The president and CEO of the Abu Dhabi-based carrier said that an initial USD40 million loan will be converted to equity.

The Serbian government had earlier last year signed a long-term agreement with Etihad Airways, and unveiled a USD200 million plan to revitalize Air Serbia.

The president and CEO said: “I am pleased to confirm Etihad Airways is now the shareholder of 49 percent of Air Serbia.”

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more