Etihad to meet Alitalia's banks over stake
Singapore, February 11, 2014
Eithad Airways is holding talks with Alitalia's banks in Rome this week about buying a stake in the troubled Italian carrier, the chief executive of the Abu-Dhabhi based airline said.
James Hogan told a media briefing at the Singapore Airshow on Tuesday that he could not say whether a deal would be completed or not, saying only they are still in the due diligence process.
Sources close to the matter say a deal could involve Etihad buying a 40 percent stake for as much as 300 million euros ($409 million). - Reuters