VENTURE CAPITAL POST

Deutsche Lufthansa AG invested €3 billion to support its new premium service in the Middle East as it sees potential growth in the region.

Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.

German Chancellor Angela Merkel is backing loss-making Air Berlin in a dispute over whether its Abu Dhabi-based partner Etihad is exercising too much control, Focus magazine reported on Saturday.

Abu Dhabi based airline Etihad purchased Virgin Australia shares on the Australian bourse as a means to increase its shareholdings in the Australian airline.

Alitalia and Etihad are in discussion as to possible stake purchase from the Italian flag carrier.

The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.

The Indian government deferred the proposed stake sale of Jet Airways to Etihad as it seeks more information regarding the ownership of the local carrier.

Gary Kenneth Toomey succeeded Nikos Kardassis as CEO for India-based Jet Airways.