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Abu Dhabi's Etihad Airways Sunday said its strategy of buying stakes in European airlines was bringing fresh competition to the region, despite close scrutiny by regulators over whether its investments comply with European ownership rules.It has come under scrutiny from the European Commission which is examining several foreign holdings in European airlines to see if they comply with rules for operating an airline within the region.These include Etihad's stake in Germany's Air Berlin, along with Delta Air Lines' holding in Britain's Virgin Atlantic.Etihad owns 29.2 percent of Air Berlin and a majority stake in its frequent flier program.
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