Talk of deal with SAA shot down by Etihad

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But it appears he will not be achieving this as an equity holder in South African Airways (SAA) in the near future. On Thursday, Hogan denied that Etihad was in talks to buy a 20% stake in ailing SAA, adding to confusion over the recent announcement by SAA acting CEO Nico Bezuidenhout that Etihad would become a potential strategic shareholder.

“We’re not in talks to have an equity stake in SAA. We never have been. What we have been in talks about is to have a partnership agreement,” Hogan said in Dubai, where his company was launching its luxurious new Airbus A380, complete with private apartments, butlers and an on-board chef.

Etihad, the national airline of the United Arab Emirates and one of the world’s fastest growing airlines, has recently bought stakes in Air Seychelles and Italy’s Alitalia, among others.

source: Times

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