Etihad Airways Sets Deadline to Decide on Alitalia Investment - Bloomberg

Etihad Airways Sets Deadline to Decide on Alitalia Investment - Bloomberg:



"Etihad Airways PJSC said it will decide within 30 days whether to buy a stake in ailing Italian airline Alitalia SpA as the Abu Dhabi flag carrier continues its streak of purchases to funnel traffic through the Middle East. 




Etihad is in the final stage of reviewing Alitalia SpA’s books to decide on an investment, Chief Executive Officer James Hogan and his Italian counterpart Gabriele Del Torchio said yesterday. Italian Prime Minister Enrico Letta, speaking yesterday Abu Dhabi, said his government, which has helped prop up Alitalia, wouldn’t impose conditions for an agreement.



“This would definitely be a shot in the arm for a carrier that has struggled for a while now,” said Sidanth Rajagopal, a Dubai-based partner at Clyde & Co. “Getting the best practices of Etihad and the money will be good for the airline.”"



'via Blog this'