Published on Dec 19, 2011 by Euronews
http://www.euronews.net/ Abu Dhabi-based Etihad Airways is to spend 73 million euros to increase its stake in Air Berlin to almost 30 percent and loan it nearly 200 million euros.
The two airlines will also cooperate more on flights.
The deal represents a life-line for debt laden Air Berlin which has been trying to shrink its way back to profit. It has cut money losing routes and delayed orders for new planes.
The two airlines will also cooperate more on flights.
The deal represents a life-line for debt laden Air Berlin which has been trying to shrink its way back to profit. It has cut money losing routes and delayed orders for new planes.
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