Archives

Etihad, Alitalia Deal to be Finalized Tomorrow?

The agreement for Etihad Airways to purchase a stake of 49 percent in Alitalia is expected to be finalized on Friday, August 8, 2014 after a reportedly positive meeting between James Hogan — the chief executive officer of Etihad Airways — and officials of the government of Italy.

Etihad Airways is expected to invest a minimum of 500 million euros into the troubled carrier — which is currently in debt to the tune of approximately 800 million euros — with…

Read More

  • 0
BoardingArea