Etihad Airways, confirmed that all approvals, consent and permissions sanctioning the strategic partnership between them and Air Serbia, have now been obtained. – marking the beginning of the US$200 million plans to revitalise Air Serbia.
President and Chief Executive Officer of Etihad Airways, James Hogan, said that as a result of confirmation of requisite regulatory approvals, the initial loan to Air Serbia of US$ 40 million will be converted to equity.
“I am pleased to confirm Etihad Airways is now the shareholder of 49 per cent of Air Serbia. This investment represents an important partnership with the Government of Serbia, as we work together to build Air Serbia into the leading airline in the region.”
President and Chief Executive Officer of Etihad Airways, James Hogan, said that as a result of confirmation of requisite regulatory approvals, the initial loan to Air Serbia of US$ 40 million will be converted to equity.
“I am pleased to confirm Etihad Airways is now the shareholder of 49 per cent of Air Serbia. This investment represents an important partnership with the Government of Serbia, as we work together to build Air Serbia into the leading airline in the region.”
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