Etihad is conducting due diligence into taking a possible stake in Alitalia.
Etihad Airways has confirmed it is conducting due diligence on a possible investment in Italy’s Alitalia.
In a February 2 joint statement, the two airlines confirmed they are in the final stages of the process and a determination on a common strategy would be made in the next month. The Italian carrier has struggled in recent years in the wake of the GFC and European debt crisis.
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Etihad already owns equity investments in airberlin, Air Seychelles, Virgin Australia, Aer Lingus and Jet Airways, and further investments in Air Serbia and Darwin Airline are currently under regulatory review.
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