Deals
South African Airways CEO Says Etihad Has Stake Option
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Fast-expanding Gulf carrier Etihad Airways PJSC has the option of taking a stake in unprofitable South African Airways as the latest in a string of purchases that included a multi-billion-dollar investment in Alitalia SpA.
Etihad, one of three Middle Eastern carriers transforming the airline industry with vast fleets of wide-body planes, could buy a minority holding, acting SAA Chief Executive Officer Nico Bezuidenhout said today. For South Africa, a deal would also advance the biggest asset-sale program in a decade.