Sunday, February 2, 2014

Etihad Airways and Alitalia have entered the final phase of a due diligence process

Abu Dhabi, 2nd Feb. 2014 (WAM) - Etihad Airways and Alitalia have entered the final phase of a due diligence process about a possible investment by Etihad Airways in Alitalia, James Hogan, President and Chief Executive of Etihad Airways, and Gabriele Del Torchio, Chief Executive of Alitalia, confirmed today.

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, according a to press statement from the UAE national carrier. 

Any issues that may prevent the establishment of an appropriate business plan will have to be resolved to ensure the plan can be implemented to move Alitalia to sustainable profitability.

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