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Fri 19 Dec 2008 01:35 PM

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Etihad eyeing stake in Air Berlin

Abu Dhabi-owned airline studying plan 'intensively for weeks', according to German newspaper.

Abu Dhabi's Etihad Airways is actively considering taking a stake in Air Berlin, Germany's Sueddeutsche Zeitung reported on Friday, citing unidentified sources.

"Top managers at Etihad have been studying this plan intensively for weeks but have not come to a decision yet, according to industry sources," the paper said, adding that Etihad's supervisory board had also not addressed the issue.

Shares in Air Berlin, Germany's second-biggest airline after Deutsche Lufthansa, were indicated more than 7 percent higher ahead of the opening of the German market 0800 GMT. (Reuters)

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