Buying Air Berlin stake is a clever game changer by Etihad Airways to get to the heart of Europe « ArabianMoney

Abu Dhabi’s state-owned airline Etihad is cleverly expanding its feeder network in Europe’s richest nation through the acquisition of a 29.2 per cent stake in Air Berlin, a massive jump on its previous 2.99 per cent interest in the low-cost carrier.


For Air Berlin this means a $225 million cash infusion to pay for five-years of fleet development. Together the two airlines carry 40 million passengers a year in 233 aircraft and have annual revenues in excess of $9 billion.

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