Etihad to take 49% of crippled Alitalia | Bangkok Post: business

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Etihad to take 49% of crippled Alitalia

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  • Writer: AFP
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Emirates airline Etihad Airways tied up a deal to rescue debt-laden carrier Alitalia on Wednesday by taking 49.0 percent of the Italian company. 

File picture shows Alitalia planes parked on the tarmac of Fiumicino airport on the outskirts of Rome, on November 1, 2013

The two groups gave no details of the value of the deal or of any conditions, but two key issues are huge debt and overstaffing at Alitalia which has lurched from crisis to crisis for years.

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