Etihad to Invest in Alitalia?

(Photo: Airbus)

 

(Photo: Airbus)
(Photo: Airbus)

James Hogan, President and Chief Executive of Etihad Airways, and Gabriele Del Torchio, Chief Executive of Alitalia, have announced they have entered the final phase of a due diligence process about a possible investment by Etihad Airways in Alitalia.

The statement says that over 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.

It concludes by stating: “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.”