INDIAN CARRIERS SEEK TO SELL STAKE TO ETIHAD
All Indian airlines have approached Abu Dhabi-based Etihad Airways to buy their stake, the Gulf carrier's chief executive said on Tuesday.
The airline has been approached by all Indian carriers about the possibility of buying a stake, James Hogan said on the sidelines of a conference in Abu Dhabi, adding that Etihad was still evaluating the impact of the new Foreign Direct Investment laws. India opened up its airline industry to foreign investment last month.
Asked if Etihad would be looking for minority stakes, he said: "Everything we do will be minority stakes. What we don't want to do is to take control."
He said Etihad Airways would consider buying the Irish government's 25 per cent stake in Aer Lingus but so far has not been approached with an offer.
16/10/2012 : Emirates 24/7
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