Alitalia board OK’d Etihad tie-up plan | Economy | Saudi Gazette

Alitalia board OK’d Etihad tie-up plan | Economy | Saudi Gazette:



"The board of struggling Italian airline Alitalia has approved a tie-up proposal with the Emirati carrier Etihad Airways, a company statement said over the weekend. 




Alitalia chairman Roberto Colaninno and chief executive Gabriele Del Torchio are charged with negotiating details of the deal with the Abu Dhabi airline, said the statement issued after a marathon meeting.



Etihad has for months been negotiating to buy up to 49 percent of the stricken Italian flag carrier, which is facing bankruptcy."



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