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Tue 11 Feb 2014 09:30 AM

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Etihad says meeting with Alitalia's banks over stake

Abu Dhabi carrier is eying 40% of the Italian airline, sources claim

Etihad says meeting with Alitalia's banks over stake

Etihad Airways is holding talks with Alitalia's banks in Rome this week about buying a stake in the troubled Italian carrier, the chief executive of the Abu-Dhabi based airline said.

James Hogan told a media briefing at the Singapore Airshow on Tuesday that he could not say whether a deal would be completed or not, saying only they are still in the due diligence process.

Sources close to the matter say a deal could involve Etihad buying a 40 percent stake for as much as €300m ($409m).

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