Etihad lines up stake in Alitalia

27th Aug 2013
Etihad lines up stake in Alitalia

Alitalia is in talks with Etihad over a deal that could see the Abu Dhabi-based airline take a stake in the Italian flag-carrier.

Recently-appointed Alitalia chief executive Gabriele del Torchio is reportedly in talks with managers at the Middle Eastern carrier.

According to reports in the Il Sole 24 Ore newspaper reports a deal could be on the table in the coming months.

Etihad has recently taken stakes in a number of airlines, including JAT Airways of Serbia.

Alitalia - which is presently 25 per cent owned by Air France-KLM - was rescued from bankruptcy in 2008 when it was bought by a consortium of bank Intesa Sanpaolo, road operator Atlantia and conglomerate IMMSI.

Alitalia and Etihad were mentioned in the context of a possible tie-up earlier this year, but Etihad said at the time there were no talks between the two beyond those on code‑sharing.


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation