Abu Dhabi’s state-owned Etihad Airways has confirmed it has agreed terms and conditions for its purchase of a 49 per cent stake in Alitalia. In a joint statement, the airline said it would now move to finalise the deal for the Italian flag-carrier “as soon as possible”.
Etihad Airways has finalised the conditions it requires for a major investment in Italian airline Alitalia following months of negotiations. While a brief statement from Etihad releases no financial information, but in a televised interview earlier the Italian transport minister said the Abu Dhabi-based carrier was ready to invest around €600 million in the struggling Alitalia.
Etihad Airways president James Hogan has confirmed the airline has entered the final phase of a due diligence process about a possible investment by Etihad in Italian flag-carrier Alitalia. During the next 30 days both companies and their advisors will determine how a common strategy can be developed which meets the objectives of both parties.
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.
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.
Codeshare partners Alitalia and Etihad Airways are set to increase their direct Rome-Abu Dhabi services from four flights per week to five. Effective June 13th 2013, Alitalia will operate the increased frequency Rome-Abu Dhabi return flights using a new 230-seat Airbus A330 aircraft.
The United States Department of Transportation has fined the Italian air carrier Alitalia $125,000 for providing inaccurate information on its website regarding its policy on compensation to passengers on delayed and cancelled flights. While Alitalia’s website displayed a copy of the carrier’s General Conditions of Carriage as required by department rules, the carrier claimed a right to refuse such compensation, citing provisions in its tariff that exempted travel from the United States from the terms of the GCC.
Travelport and Alitalia have announced the completed rollout of ancillary services to Travelport-connected agencies in Italy. The content, which includes the distribution of bags, lounge access and insurance, will be fulfilled seamlessly through an electronic miscellaneous document.
Italian carrier Alitalia has confirmed chief executive Andrea Ragnetti has resigned from the role. Chairman Roberto Colaninno will be the interim chief executive until the board appoints a replacement.
Italy’s flag carrier Alitalia has begun direct services from Rome to Abu Dhabi, following last August’s announcement that the Italian carrier would fly four weekly return Airbus A330 services between the two capitals. Alitalia are operating the new flights in conjunction with codeshare partner Etihad Airways.
Travelport, the business services provider to the global travel industry, and Alitalia, Compagnia Aerea Italiana, today announce the implementation of a new agreement for the distribution of ancillary services to Travelport-connected agencies in Italy and worldwide. Fulfilled seamlessly via an electronic miscellaneous document (EMD), the new service will begin rollout in quarter four 2012, starting with travel agents in Italy.