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Etihad’s Deal With Serbian Government Gives Middle East Carrier 49% Of New Airline
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%).