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Etihad-Alitalia Deal To Finalize Over Coming Months

Source: Etihad Airways

Source: Etihad Airways

Etihad Airways said on 26 June that its agreement with Alitalia would be worked through over the coming months.

In an announcement, Etihad said the agreement with Alitalia “was the latest step in a process that could lead to the finalization of a proposed transaction.”

The two airlines have agreed the principal terms and conditions under which Etihad Airways will acquire a 49 percent equity stake in Alitalia.

According to Etihad, further steps will include:

• Completion of the transaction documents
• Finalization of the conditions precedent
• Application for regulatory approval and
• Final shareholder and board approvals.

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