Etihad Close to Hiring Bank to Weigh Air Berlin Stake Sale
- Air Berlin sale being considered as part of restructuring
- Company’s holding has a market value of about 32 million euros
A tow tractor sits connected to an Air Berlin Plc aircraft on the tarmac at Duesseldorf airport, operated by Flughafen Duesseldorf GmbH, in Duesseldorf, Germany, on Tuesday, March 1, 2016. Etihad Airways, Air Berlin's largest shareholder, is considering delisting Air Berlin from stock market in attempt to restructure the loss-making carrier, Handelsblatt reports without saying where it got the information.
Photographer: Jasper Juinen/BloombergEtihad Airways PJSC is close to hiring financial advisers to look into strategic options for its stake in Air Berlin Plc, including a potential sale, people familiar with the matter said.
The plan is part of a broader review into its equity holdings in struggling airlines, said the people, who asked not to be identified because the deliberations are private. No final decisions have been made and Abu Dhabi-based Etihad may still decide to keep its holding, they said.