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RISKY BUSINESS? Etihad Airways’ push into Europe
Etihad is taking a more sanguine approach. When asked if it was worried about Air Berlin's debt pile, the carrier said in an email that the deal has "has highly attractive prospects".
January 6, 2012 8:51 by Reuters
“Businesses with such outlooks and balance sheets are in need of deep-pocketed backers. They have found one in Etihad, which itself is owned by the government of Abu Dhabi.”
Etihad is taking a more sanguine approach. When asked if it was worried about Air Berlin’s debt pile, the carrier said in an email that the deal has “has highly attractive prospects”.
“Our commercial projections show that the revenue benefits from this deal will have a positive impact very quickly.” It did not elaborate. (Editing by Amran Abocar)
By Praveen Menon