We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 7 Jun 2012 10:44 AM

Font Size

- Aa +

Etihad denies chasing stake in Air France-KLM

Dutch media this week claimed Qatar Airways was also interested in a stake

Etihad denies chasing stake in Air France-KLM
“Etihad Airways has rejected reports it is in talks to buy a stake in Air France-KLM.”

Abu Dhabi flag carrier Etihad Airways has denied claims it is talks to buy a stake in Air France-KLM, Europe’s largest airline group, a spokesperson said.

“Etihad Airways has rejected reports it is in talks to buy a stake in Air France-KLM,” the spokesperson said in relation to rumours it was to add the Franco-Dutch airline group to its list of global investments.

Dutch newspaper De Telegraf claimed on Wednesday the two carriers were on a course for a link up and quoted a KLM spokesperson as saying the talks were ongoing.

The newspaper also claimed Doha-based Qatar Airways was interested in taking a stake in struggling Air France-KLM, which posted a loss of US$1bn in 2011.

The Abu Dhabi airline has been on an acquisition spree lately and has bought a 30 percent in airberlin, a 3 percent shareholding in Ireland’s Aer Lingus, 40 percent in Air Seychelles and this week snapped up a 4.99 percent in Virgin Australia.

Arabian Business: why we're going behind a paywall

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.