Well we have been saying it is coming for some time and here it is – confirmation that Etihad has purchased a 29.21% stake in airberlin to become the largest single shareholder. It is telling that at the very same time as the announcement a moment ago, Etihad chose to launch new Berlin-Abu-Dhabi flights. As sure as Emirates now controls much of the UK/Ireland traffic to the Middle East and APAC, now Etihad stamps its mark on Germany. Etihad is going to provide a US$255M support fund to ensure aircraft deliveries – aircraft manufacturers are happy today. The strategic move,

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