Etihad Airways chief executive James Hogan said on Wednesday the airline would consider adding more strategic airline stakes.
"Maybe one or two more," he told reporters, when asked about adding to the airline's existing stakes in Virgin Australia, Air Berlin, Air Seychelles and Aer Lingus.
"Anywhere there are opportunities for scale and taking out costs," he added.
Eight-year-old Abu Dhabi-based Etihad is attempting to gain scale quickly - particularly in Europe - as it bids to catch up with rivals Emirates and Qatar Airways.
Gravity always wins!