Etihad Airways has rejected reports in the Filipino media that it is interested in acquiring a stake in flag carrier Philippine Airlines. Earlier this month, reports suggested that Philippine Airlines’s 51% shareholder, Lucio Tan, would seek to partner the Emirati carrier once it had successfully closed a deal to acquire San Miguel's 49% minority stake.
Etihad CEO James Hogan said: “We’re not having any talks with Philippine Airlines. Will we look at another [equity stake] this year? I doubt it.”
Hogan also dismissed reports that Etihad was also in talks with Malaysia Airlines.
Related posts
Vanilla Air to add new routes to Southeast Asia
By
Dino D'Amore
18th February 2016