ETIHAD AIRWAYS SENDS AN EXPRESSION OF INTEREST TO BUY VIRGIN ATLANTIC

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By TESTCustomwebLP TESTCustomwebLP January 24, 2011 14:51

ETIHAD AIRWAYS SENDS AN EXPRESSION OF INTEREST TO BUY VIRGIN ATLANTIC

Etihad Airways has written to Virgin Atlantic to express “top level interest” in taking over the airline. Etihad, which is based in Abu Dhabi and is chaired by Sheikh Hamed bin Zayed Al Nahyan, in a statement the airline confirmed only that: “We have no comment other than that we talk regularly and frequently to many airlines and a range of other businesses from all over the world about business issues and opportunities,” said a spokesperson for Etihad.

Sir Richard Branson’s airline hired Deutsche Bank last year to look at options for the company, which could include a merger or takeover. Virgin said it continued to work with Deutsche Bank to assess growth opportunities.

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By TESTCustomwebLP TESTCustomwebLP January 24, 2011 14:51
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