newstodate.aero

Dec 18, 2020 (newstodate): Chinese capital may soon creep deeper into European aviation.
   As Etihad is seeking the exit door for its minority stake in Air Serbia, the Chinese government has informed its Serbian counterpart that a Chinese state-owned company is prepared to take over a 49 percent stake in another troubled Serbian company, according to a Serb media.
   On July 15, 2013, Etihad acquired 49 percent of the shares in Air Serbia saving the carrier from imminent collapse and opening a deep cooperation between the two airlines.
   Now, Etihad has pulled out from its route between Belgrade and Abu Dhabi, and the code-share agreement is being suspended.
   Chinese capital would thus once again save a European airline from collapse..