Etihad builds global airline through investments | GulfNews.com:
"Abu Dhabi’s Etihad Airways PJSC is attempting a feat that many airlines have tried and none has managed to achieve: building a global network through investments in foreign carriers.
Etihad has snapped up stakes in seven airlines from Australia to Ireland over its 10-year existence. It is currently assessing whether to invest in Italy’s troubled Alitalia SpA, according to people familiar with the talks. Etihad’s goal is to quickly boost traffic and cut costs on its own network without buying hundreds of planes and expanding globally, company officials say.
European airlines including British Airways and Scandinavia’s SAS AB tried similar expansions in the 1990s but later exited their unsuccessful investments. Swissair gobbled up European airlines, collapsed under the weight of its deals and was liquidated in 2001. Last year, Singapore Airlines sold its 49 per cent stake in Britain’s Virgin Atlantic Airways at a loss after a 14-year partnership."
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