Etihad Airways Etihad Guest - Etihad to buy 40% stake in Air Seychelles

Source: Aviation Week

Full article here: http://www.aviationweek.com/aw/generic/story_generic.jsp?channel=aviationdaily&id=news/avd/2012/01/27/12.xml&headline=Etihad%20Buys%20Into%20Air%20Seychelles

Etihad Airways is buying a 40% stake in Air Seychelles. The Abu Dhabi-based carrier is investing $20 million in the airline and giving the carrier a $25 million loan. Air Seychelles also is receiving a $20 million capital infusion from the Seychelles government. The deal includes a five-year management contract and a state official says the new shareholder will name a new CEO and CFO.

Etihad runs Air Seychelles now, I'd expect HM to join Etihad Guest soon.

Some more information:
http://www.nation.sc/index.php?art=26335
http://wolfganghthome.wordpress.com/2012/01/25/seychelles-aviation-breaking-news-air-seychelles-future-assured-by-20-million-us-dollar-investment-from-etihad/


News from usually well informed sources are that Air Seychelles will later this year open new routes from Mahe to Abu Dhabi, code shared with Etihad, but also and more importantly to Bangkok, Hong Kong and Beijing, tapping into the growing Far Eastern market where China alone last year doubled their arrival numbers to the archipelago.