Monday 16 June 2014

Alitalia jobs would be cut in deal, Etihad chief says | The National

Alitalia jobs would be cut in deal, Etihad chief says | The National:



"As the Etihad Airways and Alitalia chiefs reached the final stages of negotiations over a potential tie-up, Etihad’s James Hogan warned that his company would place a strong emphasis on cost-cutting.



The Abu Dhabi airline is engaged in final talks with Alitalia management in exchange for taking a stake of up to 49 per cent in the Italian airline after Alitalia announced on Friday that its board of directors had given its backing to a deal.



A deal is expected to be complete by July 15."



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