Etihad plan sees Alitalia returning to profit by 2017 — source | GulfNews.com:
"Loss-making Italian airline Alitalia could return to profit by 2017 under a turnaround plan presented by Etihad Airways as part of tie-up talks between the two carriers, an Italian government source said on Thursday.
Alitalia was kept afloat by a government-engineered ₤500 million (Dh2.5 billion, $686 million) rescue package last year but needs to find a cash-rich partner quickly to revamp its flight network or risk having to ground its planes.
Abu Dhabi-based Etihad has been looking at a possible investment in Alitalia since the start of the year. But the prospect of large job cuts at Alitalia and the airline’s debt of at least ₤800 million have been major hurdles in the talks."
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