Etihad to issue LOI to Alitalia

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By TESTCustomwebLP TESTCustomwebLP April 9, 2014 10:45

Etihad to issue LOI to Alitalia

Maurizio Lupi, the Italian transport minister, has stated that Etihad Airways has completed its due diligence of Alitalia and is drafting a letter of intent to potential purchase a 40% stake. Various media outlets are also reporting that Etihad could invest €300-500 million in support of a restructuring plan that would include up to 3000 job cuts and an upgrade of infrastructure.

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By TESTCustomwebLP TESTCustomwebLP April 9, 2014 10:45
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