Teetering, Alitalia accepts Etihad offer

The board of Italy’s debt-riddled airline Alitalia has voted to accept Etihad Airways’ offer to invest in the company.


Alitalia debt Etihad Airways invest


The board of Italy’s debt-riddled airline Alitalia has voted to accept Etihad Airways’ offer to invest in the company with the Italian carrier’s chief executive saying he would move quickly to conclude the tie-up. “Today the Etihad plan was approved and the board delegated myself and the chairman to study and rapidly come up with a draft of the final contract,” CEO Gabriele Del Torchio said in mid-June. Abu Dhabi-based Etihad says it is willing to invest up to €1.25 billion over the next four years, according to Italy’s transport minister.