Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Etihad tight-lipped on Alitalia investment offer  Join our daily free Newsletter

MENAFN - AFP - 04/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Etihad Airways chief James Hogan declined to comment Sunday on the progress of talks to acquire a stake in Italy's debt-laden national carrier Alitalia.

"I've got no comment," Hogan told a news conference in Abu Dhabi when asked if the talks were still on.

Italian media had reported that Alitalia's chief Gabriele Del Torchio will travel to Abu Dhabi on Monday.

A source close to the negotiations told AFP last month that it was "optimistic" to think an offer could be imminent, and said that talks that had taken place between Prime Minister Matteo Renzi and Hogan were "a good sign".

Italian Transport Minister Maurizio Lupi said in April that an assessment of Alitalia's accounts had been completed and hinted that an offer fromEtihad could be imminent.

The two airlines have been in contact since December, and in February said they had entered a "final phase" in the process.

However, Alitalia is laden with debts and the negotiations have been complicated.

Etihad is reportedly planning to acquire a stake of between 40 and 49 percent in the Italian carrier -- below the 49.9 percent limit for non-European airlines.

Alitalia struck a deal with trade unions in February to cut the equivalent of 1,900 jobs, but some reports indicate that Etihad may want more layoffs.

Etihad is expanding rapidly and has bought minor shares in several smaller carriers including Air Berlin and India's Jet Airways as it competes with larger Gulf rivals Emirates and Qatar Airways.


 


AFP




  MENA News Headlines
 Feb 10 2016 - Saudi National Campaign distributes school supplies to Syrian students in Zaatari Camp, JordanSaudi Press Agency
(MENAFN - Saudi Press Agency) The Saudi national campaign to support Syrian brothers has distributed many school supplies to Syrian students in Zaatari refugees camp in Jordan, where it carried out ...

 Feb 10 2016 - Saudi Ambassador to Canada honors two distinguished students on scholarship programSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi Ambassador to Canada Naif bin Bandar Al-Sudairy honored at the Embassy yesterday two students on the scholarship program in the doctoral phase whose researches ...

 Feb 10 2016 - Saudi- National plan to counter maritime disasters conducts exercise "search and rescue 37"Saudi Press Agency
(MENAFN - Saudi Press Agency) The National Plan to Counter Maritime Disasters conducted a practical exercise "Search and Rescue 37" at Naval Units' headquarters of the Border Guard Command in Makkah ...

 Feb 10 2016 - Kingdom and Tunisia agree to hold joint workshops on spreading moderationSaudi Press Agency
(MENAFN - Saudi Press Agency) The second meeting of the Coordinating and Follow-up Committee to implement of the executive program of the Memorandum of Understanding signed between the Ministry of ...

 Feb 10 2016 - Custodian of the Two Holy Mosques Receives Princes, Grand Mufti, Scholars and CitizensSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today princes, the Kingdom's Grand Mufti, scholars, and a ...

 Feb 10 2016 - Saudi- Dhiba Port Customs thwarts attempt to smuggle more than 600,000 Captagon tabletsSaudi Press Agency
(MENAFN - Saudi Press Agency) The Customs of Dhiba Port has succeeded in thwarting an attempt to smuggle 616,470 Captagon tablets.The Port's Director General Ali Al-Atawi pointed out that a ...

 Feb 10 2016 - Comoros Chief Justice Appreciates Saudi Role in Service of Islam, MuslimsSaudi Press Agency
(MENAFN - Saudi Press Agency) The Undersecretary of the Ministry of Islamic Affairs, Endowments, Call and Guidance for Islamic Affairs, Sheikh Abdulrahman bin Ghannam Al-Ghannam held a meeting here ...

 Feb 10 2016 - Saudi- Prince Miteb bin Abdullah bin Abdulaziz receives US AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Miteb bin Abdullah bin Abdulaziz, Minister of National Guard received here today Ambassador of the United States of America to the Kingdom Dr. Joseph W. Westphal ...

 Feb 10 2016 - Qatar- UN Warns of Alarming Food Security Situation in SomaliaQatar News Agency
(MENAFN - Qatar News Agency) Geneva February 09 (QNA) - The report says Somalia will continue to face large scale food insecurity between now and June 2016 as a result of poor rainfall and drought ...

 Feb 10 2016 - Pakistan Prime Minister on two day visit to QatarEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DOHA 10th February 2016 (WAM) -- Pakistan Prime Minister Nawaz Sharif. has arrived in Qatar on a two-day official visit. According to the Qatar News ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help