Abu Dhabi’s Etihad Airways aiming to be one of the leading global carriers, has identified two Indian airlines as potential targets for investment. This was recently announced by its Chief Executive according to news reports.
Though James Hogan, Etihad head, refrained from naming the two airlines in question, Kingfisher Airlines issued a statement saying it was in talks with the Gulf carrier. People familiar with the situation said state-owned Etihad was also interested in India’s Jet Airways, with which it already has a code-share deal.
“We’re looking at a couple of opportunities in India,” Mr Hogan said in an interview in Abu Dhabi on Tuesday. “We’re going through the due diligence at the moment. If we believe we can meet the criteria, we’ll then discuss that with our board.”
If any deal is done, it would be a minority stake, “we don’t want to take over someone’s airline,” he added.