Etihad Airways aims to finalise Alitalia negotiations by end of month | The National

Etihad Airways aims to finalise Alitalia negotiations by end of month | The National:



"Etihad Airways aims to finish negotiations by the end of this month to go ahead with its investment in Alitalia, but the airline needs to be the “right size”.



“We need to right-size the airline [Alitalia] to go forward,” James Hogan, the president and chief executive of Etihad Airways, said in Rome yesterday.



“We are still negotiating and we have a target of the end of this month. Both teams are working in good faith to achieve that. We have a team of executives on the ground here working with our advisers JP Morgan. They are working with Citibank to ensure that they can broker the transaction to win,” he added."



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