Etihad Agrees In Principle To Buy Alitalia Stake
Fast-growing Gulf airline Etihad Airways said Wednesday it had reached a deal in principle to buy a 49 percent stake in struggling Italian carrier Alitalia, expanding its collection of foreign investments to one of Europe’s most recognizable aviation brands. It has been expanding both by building its own route network and through a rapid-fire series of investments in airlines from Europe to Australia. Italian Transport Minister Maurizio Lupi earlier this month told Italy’s state RaiNews that Etihad’s investment could reach about 600 million euros and would revitalize Rome’s Fiumicino and Milan’s Malpensa airports.
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