Alitalia is now in a "partnership", as they put it, with Etihad. In other words, Etihad invested more than half a billion Euro for a 49% stake in AZ. Etihad isn't (as far as I can tell) in any of the big three alliances. Alitalia will exit loss-making short-haul markets and add long-haul growth from multiple Italian cities to Abu Dhabi and other destinations (probably more China routes). The Etihad CEO, James Hogan, acknowledges the value of Skyteam membership to AZ says he expects AZ to remain in Skyteam (sounds a bit wishy washy). No mention of Etihad joining Skyteam. Etihad has its own alliance, the Equity Alliance, now with 8 members. The other Equity Alliance members are: Air Berlin Air Serbia Air Seychelles Jet Virgin Australia Air Lingus Your thoughts?