Etihad CEO James Hogan has warned that cost-cutting would be the major factor in the impending deal that will see Etihad take a 49% stake in Alitalia. The deal is expected to be finalised by July 15. Job losses and downsizing will be at the forefront of the cost-cutting measures, which follows the examples set when Etihad took equity stakes in Air Serbia and Air Seychelles. Hogan said: “This is about restructuring and moving a business to a sustainable profitability, and if you don’t restructure you won’t survive. Within the letter I sent to Alitalia regarding our investment, there were

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In