Exclusive: Abu Dhabi's Etihad To Buy 49% Stake In Alitalia – CEO » Gulf Business:
"Etihad Airways plans to buy a 49 per cent stake in Alitalia, its president and CEO James Hogan told US business leaders at a lunch in Los Angeles on Wednesday.
Addressing guests at the Beverly Wilshere hotel, Hogan outlined the investment stakes Etihad has in Air Serbia, Air Seychelles, Air Berlin, Jet Airways, Virgin Australia and Aer Lingus – and then referred to Alitalia.
“Currently we are in negotiations to acquire Alitalia, 49 per cent of Alitalia,” he said. It is believed to be the first time the size of the stake has been stated publicly.
His remarks came even as Italian Transport Minister Maurizio Lupi revealed on Wednesday that Etihad is prepared to invest up to 1.25 billion euros ($1.7 billion) in Alitalia over the next four years. While 560 million euros would be used to buy new shares in the airline, the rest would be invested in planes, design and training, he told reporters in Rome."
'via Blog this'
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