Etihad confirms negotiations in progress for stake in Alitalia

Etihad Airways has confirmed that it is serious negotiations over a possible investment in Alitalia. The Abu Dhabi-based airline has set a 30-day deadline to finalise a deal. In a statement, the two airlines said: “Etihad Airways and Alitalia have entered the final phase of a due diligence process about a possible investment by Etihad Airways in Alitalia….During the next 30 days both companies and their advisors will determine how a common strategy can be developed which meets the objectives of both parties.” “Any issues that may prevent the establishment of an appropriate business plan will have to be resolved