Etihad Airways plans to buy a 49% stake in Serbian national carrier Jat Airways and rebrand the operator Air Serbia under a five-year management contract that proposes sweeping changes to the company’s structure and network. Air Serbia will be Etihad’s sixth affiliated equity partner, including Air Berlin (in which Etihad has a 29% stake), Air Seychelles (40%), Virgin Australia (10.5%), Aer Lingus (2.99%) and Jet Airways (24%). Abu Dhabi-based Etihad is trying to build scale ...

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