Etihad considering Virgin takeover?
- Latest News
- Thursday, 27 January 2011
The UAE carrier is backed by the ruling family of Abu-Dhabi.
The bank had been hired by Virgin Atlantic to conduct a review that could lead to an alliance with a rival carrier or a sale of Sir Richard Branson's 51 per cent stake in the airline.
The ceo of Etihad James Hogan made the approach, according to the Sunday Times.
Etihad so far has refused to expand further on the move.
