Etihad looks at Alitalia investment

written by australianaviation.com.au | February 3, 2014
Etihad is conducting due diligence into taking a possible stake in Alitalia.
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.

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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