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Seychelles takes back full control of national carrier

6 May 2021
The government of the Seychelles has recovered full ownership of Air Seychelles following an agreement with Etihad Airways.
The United Arab Emirates flag-carrier had taken a stake in the Indian Ocean airline in 2012 as part of a wider equity investment strategy.
Now, after months of negotiations, the Seychelles government will pay just US$1 to recover the 40 per cent share.
The Middle East-based airline has been looking to divest its foreign airline investments in the wake of the Covid-19 pandemic.
As a result of the deal, Air Seychelles will now be fully state-owned and plans to restructure its board in June. ....

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Etihad sells stake in Air Seychelles

The UAE carrier will no longer be a shareholder in the Seychelles Government-owned airline ....

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