Tuesday, 21 November 2017 12:43 GMT
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Etihad buys 49 percent of Alitalia as a rescuing deal

(MENAFN) Etihad Airways has tied up a rescuing deal with Alitalia, buying a 49-percent stake of the Italian carrier, The Peninsula Qatar reporte



The Italy-based cargo is suffering a debt issue of about USD1.36 billion, while none of the two parties provided any details of the value of the intended dea



The deal means that Etihad Airways is in effect rescuing Alitalia, playing a role which Air France once considered but then dropped because of the scale of the problems


Etihad buys 49 percent of Alitalia as a rescuing deal

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