Etihad Airways and Alitalia have entered the
final phase of a due diligence process about a possible investment
by Etihad Airways in Alitalia, James Hogan, President and Chief
Executive of Etihad Airways, and Gabriele Del Torchio, Chief
Executive of Alitalia, confirmed today.
During the next 30 days
both companies and their advisors will determine how a common
strategy can be developed which meets the objectives of both
Any issues that may prevent the establishment of
an appropriate business plan will have to be resolved to ensure
the plan can be implemented to move Alitalia to sustainable
Etihad Airways began operations in 2003, and in
2013 carried nearly 12 million passengers. From its hub at Abu
Dhabi International Airport, Etihad Airways offers flights to 102
passenger and cargo destinations in the Middle East, Africa,
Europe, Asia, Australia and the Americas, with a fleet of 89
Airbus and Boeing aircraft.
The airline has more than 220 aircraft on
firm order, including 71 Boeing
787 Dreamliners, 25 Boeing 777-X, 62
Airbus A350s, and 10
Airbus A380s, the worldís largest passenger aircraft.
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