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Etihad not interested in buying LOT

14th January 2014
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UAE-based airline Etihad is not interested in buying Polish state-owned air carrier LOT, its CEO James Hogan said in Berlin, Monday.
 
Such a scenario was widely reported by the media in recent months, as well as by various analysts.
 
Currently Etihad is concentrating on acquiring a large stake in Italy’s Alitalia, although its far from making a binding offer yet.
 
“What is important in any transaction is that you undertake your due diligence and ensure if you are going to invest, there is a clear plan to move to profitability. We will not be rushed into making a decision,” Hogan said.
 
In recent years, Etihad acquired stakes in airlines across the world, including German Air Berlin, Serbian Air Serbia, Irish Aer Lingus, Swiss Darwin Airlines, Indian Jet Airways and others.
 
“Global reach is beyond the capacity of any single airline,” Hogan said, although it looks like LOT is not currently a part of Etihad’s investment plan.
 

From Warsaw Business Journal


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