Etihad in data room on Alitalia, mulls investment: sources

MILAN/ABU DHABI (Reuters) – Abu Dhabi’s Etihad Airways is looking at the data room of Alitalia and is expected to take a decision on whether to invest in the troubled Italian carrier by Christmas, two sources familiar with the matter said on Wednesday. Alitalia has just raised 300 million euros ($413 million) in a drawn-out capital increase which analysts said would keep the loss-making airline in the air for the next six months but it needs to find a strong partner willing to invest in its fleet and making it profitable in the longer term. “Etihad has been in the data room as of some ten days and will complete the process by the end of this week,” one source said. Etihad is expected to decide on whether to buy a stake in Alitalia “just before Christmas”, the source added.

    

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