One of the major keystones in the expansion strategy of Etihad Airways – snapping up minority stakes in foreign airlines – is about to come to an end, according to James Hogan, the carrier's president and chief executive.
Speaking in London while attending the Future of Air Transport Conference, Mr Hogan said only two further deals were likely, before he shelves the policy of equity investments.
Etihad, which has minority stakes in Air Berlin, Virgin Australia, Aer Lingus and Air Seychelles, has bought into local carriers in the belief that it is the best way to gain a foothold in regions where it wishes to expand.
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