Abu Dhabi’s airline Etihad Airways is considering acquiring some of Alitalia SpA’s minority shares as part of a deal with Air France-KLM which already owns 25 per cent of the Italian carrier, French business newspaper Les Echos reported on Tuesday, citing unspecified sources.
Air France-KLM is currently battling to restore its profitability in the face of tough economic headwinds and intensifying competition from low-cost airlines.
As soon as the Franco-Dutch airline’s financial situation has improved, around 2014 or 2015, it would buy Etihad’s shares in Alitalia in a cash or share swap transaction, Les Echos says.
Etihad mulls buying Alitalia’s shares in Air France-KLM: report | GulfNews.com
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