Etihad Buys A Stake Of Air Berlin

Etihad Airways is buying a 29.2% stake in Air Berlin. The agreement was confirmed on Monday by the two airlines.

Etihad is buying a 27.03% stake in the airline through new shares at €2.31 a piece and a 2.99% stake of the existing share base. The airline will get two seats on the Air Berlin board. Additionally, it will provide Air Berlin $255 million ...