(MENAFN) Abu Dhabi's Etihad Airways denied that it has changed its decision to purchase stake in Switzerland's Darwin Airline, adding that it expects a positive decision regarding the acquisition within weeks, Gulf Business reported.
Etihad, the national airline of the United Arab Emirates, is in the process of buying a 33.3 per cent stake in Darwin, which has already rebranded itself Etihad Regional in anticipation of the deal's completion.
"Our commitment to work with Darwin Airline remains strong and will not be compromised by the aggressive actions of competitors," Etihad Chairman and Chief Executive said.
Meanwhile, Darwin, which is based in Lugano, Switzerland, has announced that it is restricting its operations due to intense competition from rival Swiss International Air Lines (SWISS) by pulling out of four loss-making routes beginning from February.
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