Etihad eyes stake in Croatia Airlines
Abu Dhabi’s Etihad Airways is reportedly looking to buy a stake in Croatia Airlines, just weeks after it sealed a deal to acquire 49 per cent of JAT Airways in neighbouring Serbia. Croat newspaper Jutarnji List claimed that before October 15 the country’s government will tender for the sale of the airline, in which it owns 90 per cent, with a new investor potentially being announced in February next year. The newspaper, citing unidentified sources, said that Garuda Indonesia and China Southern Airlines were among other possible investors. It reported that Transport Minister Sinisa Hajdas Doncic and Croatia Airlines Sinisa Petrovic were due to fly out to Indonesia next week in order to drum up interest in a deal. Jutarnji List did not specify how much of its shareholding in Croatia Airlines the government was looking to offload, but European Commission rules specify that non-EU entities can only own up to 49 per cent of the company. Earlier this month Etihad secured 49 per cent of Belgrade-based JAT Airways in a deal worth $200m that will also see the airline rebranded as Air Serbia.
gulfnews
Abu Dhabi’s Etihad Airways is reportedly looking to buy a stake in Croatia Airlines, just weeks after it sealed a deal to acquire 49 per cent of JAT Airways in neighbouring Serbia. Croat newspaper Jutarnji List claimed that before October 15 the country’s government will tender for the sale of the airline, in which it owns 90 per cent, with a new investor potentially being announced in February next year. The newspaper, citing unidentified sources, said that Garuda Indonesia and China Southern Airlines were among other possible investors. It reported that Transport Minister Sinisa Hajdas Doncic and Croatia Airlines Sinisa Petrovic were due to fly out to Indonesia next week in order to drum up interest in a deal. Jutarnji List did not specify how much of its shareholding in Croatia Airlines the government was looking to offload, but European Commission rules specify that non-EU entities can only own up to 49 per cent of the company. Earlier this month Etihad secured 49 per cent of Belgrade-based JAT Airways in a deal worth $200m that will also see the airline rebranded as Air Serbia.
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