Etihad Airways announces acquisition of Air Seychelles

26/01/2012 - Dubai Lifestyle News Posted by Neil King
Etihad Airways announces acquisition of Air Seychelles

Abu Dubai-based firm Etihad Airways has announced that it is set to acquire a 40 per cent stake in Air Seychelles.The deal is Etihad's second airline acquisition in the last five weeks, forming part of the firm's ambitious plans to see rapid expansion of its business.In a statement, Etihad confirmed that it and the Seychelles government will each invest $20 million in the state-owned airline."The investment in the national carrier of Seychelles is a natural next step towards growing our operations in the increasingly important leisure markets of the Indian Ocean and Africa," commented James Hogan, Etihad's chief executive officer.Earlier this week, Abu Dhabi International Airport announced that it saw an increase of 13.9 per cent on year in 2011 to 12.4 million passengers.James Bennett, ADAC's chief executive officer, said that the impressive passenger numbers reflect the rise in trade, industry and tourism in the emirate.