Embracing change breathes new life into Alitalia, says Etihad Airways’ President and Chief Executive Officer

Etihad Airways, a key investor in Alitalia, believes Italy’s national airline has “fantastic potential to grow” – but only if it embraces change. Speaking in Milan to the International Forum of Sovereign Wealth Funds, James Hogan, the President and Chief Executive Officer of Etihad Airways, and Vice Chairman of Alitalia, said that, “last year, Alitalia was on the verge of collapse.” “We invested 560 million euros as part of a €1.76 billion restructure of Alitalia,” said Mr Hogan. “Today, we are the largest single shareholder, with a 49 per cent stake. What did we see in Alitalia that nobody else