Airlines
Etihad Sells Darwin Stake in First Sign of Strategic 'Adjustment'
Adria Airways parent to hold 99 percent of Swiss regional
A Darwin Airline Saab 2000 approaches Zurich Airport. (Photo: Flickr: Creative Commons (BY-SA) by redlegsfan21)
A Darwin Airline Saab 2000 approaches Zurich Airport. (Photo: Flickr: Creative Commons (BY-SA) by redlegsfan21)

Etihad Airways has sold its 33.3 percent stake in Swiss regional carrier Darwin Airline, in the first such divestment for the Persian Gulf carrier since it began reassessing some of its equity partnerships last year, the companies announced Thursday. It also comes just weeks after former CEO James Hogan left the company as part of a “controlled restructuring” that will also see a modest reduction in headcount during the second half of the year.