Etihad eyes Virgin Atlantic
Saturday, 24 Jan, 2011
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Middle Eastern airline Etihad has made it known it is interested in acquiring a large chunk of Virgin Atlantic, it was revealed this weekend.
Sir Richard Branson appointed Deutsche Bank last year to carry out a strategic review of his airline’s future and consider alliances with other airlines.
And Etihad, which is backed by the Abu Dhabi royal family, has revealed that it has approached the bank via a letter from its chief executive James Hogan.
Branson has suggested that he may wish to sell his 51% stake in Virgin Atlantic should the right bidder come along.
Neither Etihad nor Virgin Atlantic would comment on the news, the former saying only that it regularly spoke with other airlines about future business opportunities.
by Dinah Hatch
Dinah
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