Network of international brands with GCC stakeholders
Twists and turns of the global economic landscape has seen Middle Eastern companies gaining more stake in international brands. And we’ve got a feeling it’s the tip of the iceberg.
January 11, 2012 4:44 by p.deleon
Abu Dhabi’s Etihad Airways closed 2011 with a 29 percent stake in German carrier Air Berlin. This could spell bad news for Lufthansa as the two carriers are now planning a code-sharing partnership that will enable them to offer more destinations and competitive prices. Etihad, which is reportedly the fastest growing Gulf airline right now, is said to also be interested buying a minority stake in Irish carrier Aer Lingus.
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