Etihad Denies Talks With Malaysian Over Stake

June 19, 2014

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Etihad Airways said it is not in talks with Malaysia Airlines for an equity stake, dismissing media reports.

"Etihad Airways would like to confirm that it is not in talks with Malaysia Airlines about the possibility of an equity investment in the carrier," it said in a statement.

MAS shares rose on Wednesday following a media report that the loss-making national carrier will form a partnership with Etihad as part of a rescue plan.

The troubled Malaysian carrier has told oneworld alliance members that it might form a partnership with Etihad, according to the CAPA Centre for Aviation, Australia's The Age newspaper reported on Wednesday.