Air Serbia Recapitalization Hefts State Share, Dilutes Etihad Stake
Credit: Rob Finlayson
The Serbian government has increased its stake in Air Serbia to 82%, more than halving Etihad Airways’ shareholding to just 18%. Before the recapitalization, the Republic of Serbia held 51% of the airline, with Etihad Airways owning the remaining 49%. An Etihad spokesperson confirmed the new...
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