Etihad inches closer to Alitalia deal

Discussion in 'Other Airlines | Middle East/Africa' started by sobore, Feb 3, 2014.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    Etihad Airways president James Hogan has confirmed the airline has entered the final phase of a due diligence process about a possible investment by Etihad in Italian flag-carrier Alitalia.

    During the next 30 days both companies and their advisors will determine how a common strategy can be developed which meets the objectives of both parties.

    Neither side disclosed the size of the possible investment.

    However, there have been reports the fast-expanding Gulf airline could take up to 40 per cent.

    Etihad has taken stakes in Air Berlin, Aer Lingus, and Virgin Australia.

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