UAE's Etihad mulls equity stake in Serbia's JAT Airways

Published June 18th, 2013 - 10:27 GMT
Purchase would be subject to a due diligence process and regulatory approvals
Purchase would be subject to a due diligence process and regulatory approvals

Etihad Airways said on Monday it had signed an initial agreement with the Serbian government over a possible equity investment in the country's loss-making JAT Airways.

No value for the deal nor how much of a stake Etihad would take in the carrier was given in the statement, which said the purchase would be subject to a due diligence process and regulatory approvals.

A Serbian government official said in April that it was meeting officials from Etihad about selling the Abu Dhabi-based carrier a 49 percent stake in JAT Airways.


© 2022 CPI Financial. All rights reserved.

You may also like

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content