Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Etihad Airways looks forward to a deal with Alitalia; hurdles include debt, possible layoffs

ROME - The CEO of Etihad Airways says the United Arab Emirates' national airline is looking forward to clinching a proposed deal involving a big stake in struggling Italian carrier Alitalia.

The two airlines said in a joint statement that Etihad Airways on Sunday confirmed that it will send a letter detailing conditions for a proposed equity investment. Negotiations have lasted for months. It quoted Etihad Airways CEO James Hogan as saying "we are delighted to be able to move forward with this process" and look forward to its successful conclusion.

Italian news reports have said a deal would likely see banks renegotiating more than 500 million euros ($700 million) in debt, cancelling some and converting the rest into shares. Italian unions might resist layoffs that likely could figure in any deal.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates