Abu Dhabi's Etihad Airways is in early-stage talks over a possible 300 million euro ($413 million) investment in Alitalia, a political source close to the matter said, which could help rescue the loss-making Italian airline.
Abu Dhabi's Etihad Airways is looking at the data room of Alitalia and is expected to take a decision on whether to invest in the troubled Italian carrier by Christmas, a source familiar with the matter said on Wednesday.
Codeshare partners Alitalia and Etihad Airways have announced an increase in direct Rome-Abu Dhabi services from four flights per week to five, in addition to an expansion of codeshare destinations for customers of each airline.
Alitalia, Italy’s flag carrier has begun direct services from Rome to Abu Dhabi with a celebratory flight to the UAE capital arriving last night.
Flight AZ854 touched down at Abu Dhabi International Airport at 7.55pm local t
Etihad Airways, the national airline of the UAE, and Alitalia, Italy’s flag carrier, have announced the launch of direct Rome to Abu Dhabi flights, starting December 1.
Subject to government approvals, Alitalia will op
Alitalia, a leading Italian airline has signed a codeshare agreement with UAE national airline Etihad Airways that will allow Etihad customers around the world to fly to two new Italian destinations - Rome and Naples.
The code share agreem
Dubai's government-owned Emirates airline wants to sharply increase its flight slots at Italian airports, the government said, describing this as a move that could boost tourism to Italy from Asian and Gulf countries.
Emirates, which h
Alitalia will cancel 40 flights on Wednesday because of a strike by a small union but not because of problems buying fuel for the near-bankrupt airline, an Alitalia spokesman said.
Alitalia's bankruptcy commissioner has warned that Italy's
Dubai airline Emirates has said it was not interested in taking part in a possible bid for Italy's struggling Alitalia.
'We are not interested,' a spokeswoman said. 'We are focused on our own organic growth.'
Italian dailies Corri
Alitalia has agreed to be bought by Air France-KLM, the world's biggest airline by revenues, in a deal valuing the near-bankrupt airline's equity at just 138 million euros -- far less than expected.
The sale of the loss-making airline is a