Etihad Airways has confirmed that it is serious negotiations over a possible investment in Alitalia. The Abu Dhabi-based airline has set a 30-day deadline to finalise a deal.
In a statement, the two airlines said: “Etihad Airways and Alitalia have entered the final phase of a due diligence process about a possible investment by Etihad Airways in 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.”
“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.”