UAE’s Etihad Airways and Italian airline Alitalia are expected to receive clearance for their deal by the end of this year with minor concessions, reported Arabian Business, quoting a source as saying.
The Abu Dhabi-based airline had entered into a deal in August to purchase 49% of Alitalia in a rescue plan worth €1.76 billion ($2.31 billion), giving it access to Europe's fourth-largest travel market and 25 million passengers.
It is worth noting that Etihad Airways has a majority stake in a number of airlines including Air Berlin, Ireland's Aer Lingus, Virgin Australia and other global airlines. The completion of this deal would make the UAE-based airline the largest single shareholder in Alitalia.
The Abu Dhabi-based airline had entered into a deal in August to purchase 49% of Alitalia in a rescue plan worth €1.76 billion ($2.31 billion), giving it access to Europe's fourth-largest travel market and 25 million passengers.
It is worth noting that Etihad Airways has a majority stake in a number of airlines including Air Berlin, Ireland's Aer Lingus, Virgin Australia and other global airlines. The completion of this deal would make the UAE-based airline the largest single shareholder in Alitalia.
Source:
Mubasher
