Etihad Airways today established a foothold in Europe’s second-largest air freight market with an agreement in principle to acquire a 49 percent stake in Italian flag carrier Alitalia.
11 Apr 2014
Etihad Airways is on the verge of buying a 49 percent stake in Italy’s financially troubled national airline Alitalia in a move that would increase the Abu Dhabi-based carrier’s access to Europe’s second largest air freight market.
15 Oct 2013
Alitalia, Italy’s national airline, averted bankruptcy after shareholders agreed to a €500 million ($675 million) government-led bailout, but European Union regulators could yet veto the deal.
09 Oct 2013
Alitalia, Italy’s national airline, risks bankruptcy and its fleet could be grounded within days as its financial crisis nears a tipping point.