Etihad sets out conditions for Alitalia stake

Wednesday, 03 Jun, 2014 0

Etihad Airways has moved closer to an investment in Alitalia.

Conditions and criteria that Alitalia’s board will have to approve before final talks between the two airlines can proceed are on their way to Italy.

In a joint statement, both airlines said the Italian Government "appreciates the strategic importance of this transaction and looks favourably at the Etihad Airways-Alitalia partnership".

Etihad has been busy snapping up stakes in airlines in Germany, Serbia, the Seychelles and Australia, where it has a stake of 20% in Virgin Australia.

Gabriele Del Torchio, chief executive of Alitalia, said: "This is an excellent outcome for Alitalia. This investment will provide financial stability and confirms Alitalia’s key strategic role as an infrastructure player in the travel and tourism industry in Italy for long-term growth."

Alitalia has sought a new major investor after key shareholders Air France-KLM Group backed out of a capital increase.



 

profileimage

Ian Jarrett



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...