Etihad Airways agrees to take a 49% equity share in struggling Alitalia

Etihad Airways (Abu Dhabi) has agreed to take a 49 percent share of struggling Alitalia (2nd) (Rome).

The two airlines issued this short statement:

Alitalia and Etihad Airways today (June 25) confirmed that they have agreed the principal terms and conditions of a proposed transaction whereby Etihad Airways will acquire a 49 percent equity stake in Alitalia.

The airlines will now move to finalize the transactional documents, that will include the agreed upon conditions, as soon as possible. The conclusion of the investment is subject to final regulatory approvals.

Alitalia will become the latest equity partner airline for Etihad Airways. Are there more partnerships coming, especially in Europe?

Copyright Photo: TMK Photography/AirlinersGallery.com. Alitalia’s Airbus A330-202 EI-EJG (msn 1123) in the special promotional Calabria livery prepares to touch down in Toronto (Pearson).

Alitalia (2nd):