Alitalia’s (2nd) (Rome) CEO Gabriele Del Torchio stated Etihad Airways (Abu Dhabi) is doing its due diligence (reviewing all of the data) which will take between three and fours week according to this report by Reuters. After its review, Etihad will then decide whether it will invest in the faltering flag carrier.
Alitalia is facing increased low-fare competition on its home turf and any rescue will face stiff opposition from other carriers and will need European Union approvals. Etihad, if it proceeds with an acquisition, is likely to ask for drastic cuts to personnel and costs (like Air France-KLM did).
Is there Alitalia 3 on the horizon?
Read the full report: CLICK HERE
Copyright Photo: Paul Bannwarth/AirlinersGallery.com. Embraer ERJ 170-200LR (ERJ 175) EI-RDO (msn 17000348) approaches the runway at Zurich.
Alitalia (2nd): 
Filed under: Alitalia (2nd) Tagged: 17000348, alitalia, Alitalia (2nd), CEO Gabriele del Torchio, EI-RDO, Embraer, Embraer 170, Embraer 170-200, Embraer 175, Embraer ERJ 170, Embraer ERJ 170-200, Embraer ERJ 175, ERJ 170, ERJ 170-200, ERJ 170-200LR, ERJ 175, Etihad Airways, ZRH, Zurich
