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 Etihad Eyeing Virgin Atlantic - Report

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PostSubject: Etihad Eyeing Virgin Atlantic - Report   Mon Jan 24, 2011 7:08 pm

January 24, 2011
Abu Dhabi's Etihad Airways has expressed "top level interest" in Richard Branson's Virgin Atlantic Airways, the Sunday Times reported.

Virgin Atlantic is in the early stages of conducting a full strategic review which could result in an alliance with rival carriers or a sale.

The Sunday Times said Etihad had expressed interest in the firm, without giving any more details.

"We have no comment other than that we talk regularly and frequently to many airlines and a range of other businesses from all over the world about business issues and opportunities," a spokeswoman for Etihad said.

A spokeswoman for Virgin Atlantic said the group could not comment on individual interest.

"Deutsche Bank is working with Virgin Atlantic and Virgin Group to assess the current aviation market place and seek growth opportunities for Virgin Atlantic," the spokeswoman said.

"This study is at a very early stage so there is no further comment to make at this time."

(Reuters)

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