Maurizio Lupi, the Italian transport minister, has stated that Etihad Airways has completed its due diligence of Alitalia and is drafting a letter of intent to potential purchase a 40% stake. Various media outlets are also reporting that Etihad could invest €300-500 million in support of a restructuring plan that would include up to 3000 job cuts and an upgrade of infrastructure.
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By
Dino D'Amore
26th January 2011