Etihad Injects More Funds Into Ailing Air Berlin
Credit: Air Berlin
FRANKFURT—Etihad Aviation Group has come to the rescue of its ailing German affiliate Air Berlin by taking over the company’s stake in Austrian carrier Niki. Etihad is paying €300 million ($322 million) for the stake in Niki. Air Berlin held 49.8% of Niki, while a 50.2% stake remained with the Niki...
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