Etihad may buy shares in Alitalia - report

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Abu Dhabi-based Etihad Airways, which has a codeshare agreement with Alitalia, would be willing to buy shares of certain minority shareholders in the Italian carrier, French business newspaper Les Echos reported, without identifying the source of its information.

Eithad would buy into the Italian carrier after a pact expires on January 12, as Air France-KLM, which has a 25 percent stake in Alitalia, does not have the financial capability to increase its share in the operator because of increased competition in the industry and lower profitability, the newspaper reported.

Etihad Airways, which competes with Dubai's Emirates Airline and Qatar Airways, has been expanding its network aggressively taking, up a 29 percent stake in airberlin, a 10 percent holding in Virgin Australia, 40 percent of Air Seychelles and 3 percent in Ireland's Aer Lingus.

Etihad is also vying to expand its operations in India and may be in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, an Indian government official said on December 17. Indian media reported Etihad is eyeing a 24 percent stake in Jet Airways. Both Indian airlines have confirmed that they have held talks with Etihad.

A deal would be the first since the Indian government relaxed ownership rules in September to allow foreign airlines to invest up to 49 percent in a domestic carrier.

Etihad has 41 codeshare agreements in total.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
From bigger, faster and windowless planes to escape pods, pilotless cockpits & virtual reality entertainment: The future of aviation

From bigger, faster and windowless planes to escape pods, pilotless cockpits & virtual reality entertainment: The future of aviation

How will passengers’ flight experience be in the future? Advances...

How Gulf banks are helping to underwrite region's aviation boom

How Gulf banks are helping to underwrite region's aviation boom

Figures from Airbus show that 47% of MidEast aircraft deals in...

2
The inside story of the new Airbus A350 jet

The inside story of the new Airbus A350 jet

Customers, suppliers and industry sources share their insights...

Most Discussed
  • 17
    Nakheel PR: The toughest job in Dubai?

    You forgot to mention the sewage pit between JLT and Jumeirah Park and the terrible landscaping in Jumeirah Park The chain link fencing they want to install... more

    Monday, 30 March 2015 9:05 AM - An Emaar Fan
  • 14
    Has Narendra Modi already lost the plot?

    Gaja - Anil is RIGHT this once! Modi stands for anarchy. Look at the way he is treating the minorities. Do you even for a second believe that he is innocent... more

    Sunday, 29 March 2015 1:42 PM - Ann
  • 14
    Dubai Int'l T1 is too congested, says Indian airline boss

    Question: All you people, criticizing my comment, do you work for Air India by any chance?

    Additionally, for all the whiners, I will provide you... more

    Tuesday, 31 March 2015 12:50 PM - Mosa