Etihad To Maintain Equity Investments For Now – Baumgartner

Etihad Airways (EY, Abu Dhabi Int’l) has no plans, at this point in time, to divest itself of stakes in any of its other portfolio of carriers chief executive officer Peter Baumgartner has said.

In an interview with The National newspaper, the CEO said despite the sale of its Darwin Airline (F7, Lugano) unit and the entry into bankruptcy of Alitalia (AZ, Rome Fiumicino) and Air Berlin (AB, Berlin Tegel) this year, Etihad has no plans to exit any of its other existing partnerships, citing the codeshare with India’s Jet Airways (9W, Mumbai Int’l) as a particular success.

“From a shareholder perspective, Alitalia and Air Berlin have not been unimportant, but let’s not forget we have over 50 codeshare partners, many of whose commercial operations benefit Etihad,” he said. “We have always been a business that has been built on partnerships, so there is life beyond Air Berlin and Alitalia.” Read More…

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