Search Advanced search
Air Finance Journal Copying and distributing are prohibited without permission of the publisher

News Analysis: Etihad CFO on acquiring Air Berlin stake

19 December 2011

James Rigney talks about negotiating the deal which includes a $255 million loan to Air Berlin from Etihad's own balance sheet.

Read more: Etihad Air Berlin James Rigney

While Etihad's purchase of a 29.21% stake in Air Berlin is small in dollar terms (about $95 million), it is a game changer for Etihad.

The Abu Dhabi carrier has improved access to Europe through its purchase of a stake in the German carrier, and will increase pressure on European legacy carriers like Lufthansa, KLM, and IAG Group.

The deal involves a smaller airline buying up almost one third of larger carrier. Air Berlin had revenue last year of about $5 billion compared to Etihad's $4 billion during the same period.

In addition to injecting equity into Air Berlin, Etihad will also lend the airline $255 million over five years.


Speaking to Airfinance Journal by phone from Berlin, James...


Latest Deals Database Updates

Thai / 04-14 / Various / 5xA320 (RFP) 16/04/2014
Latest Deal Status RFP
Overall Arrangers
Assets A320
AirAsia / 04-14 / Airc Sec Loan / 1xA320 14/04/2014
Latest Deal Status Financial close
Overall Arrangers Credit Agricole CIB
Assets A320
Xiamen / 12-13 / Various / 13xAirc (RFP) 22/04/2014
Latest Deal Status RFP
Overall Arrangers
Assets 737, 787-8

Upcoming Events