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Etihad To Acquire 49-Percent Share of Alitalia
The “transaction implementation agreement,” which the airlines valued a €1.76 billion ($2.35 billion), is intended to restore the airline to profitability.
From left to right, Etihad CFO James Rigney, Alitalia chairman Roberto Colaninno, Etihad CEO James Hogan and Alitalia CEO Gabriele Del Torchio celebrate agreement. (Photo: Etihad Airways)
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By
Bill Carey
August 8, 2014