Etihad to Enter Final Talks After Alitalia Approves Conditions - Bloomberg:
"Etihad Airways PJSC said it set conditions for an investment in Alitalia SpA that would give the flag carrier of the United Arab Emirates another foothold in a major European economy.
Etihad will send a letter including criteria that Alitalia’s board will have to approve before final talks between the two airlines get started, according to a joint statement today. The airlines didn’t specify the conditions.
Under Chief Executive Officer James Hogan, Etihad has embarked on an purchase spree of stakes in second-tier airlines, assembling a group with interests from Germany to Serbia to the Seychelles and Australia. Hogan has said the strategy gives him access to passenger flows that he can direct through Abu Dhabi, where Etihad is competing with neighboring airlines Qatar Airways and industry leader Emirates."
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