Etihad buys 49 percent stake in Alitalia

An alliance agreement for Etihad to enter Alitalia's capital, signed in Rome on August 8, 2014, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier.
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Abu Dhabi airline Etihad Airways CFO James Rigney (L), chairman of Italian flag carrier Alitalia Roberto Colaninno (2nd L), president and chief executive of Etihad James Hogan (2nd R) and Alitalia CEO Gabriele del Torchio (R) shake hands during a press conference during which they signed an alliance agreement for Etihad to enter Alitalia's capital, in Rome on August 8, 2014. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)
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Abu Dhabi airline Etihad Airways CFO James Rigney (L), chairman of Italian flag carrier Alitalia Roberto Colaninno (2nd L), president and chief executive of Etihad James Hogan (2nd R) and Alitalia CEO Gabriele del Torchio (R) sign an alliance agreement for Etihad to enter Alitalia's capital, in Rome on August 8, 2014. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)
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Abu Dhabi airline Etihad Airways CFO James Rigney (L), chairman of Italian flag carrier Alitalia Roberto Colaninno (2nd L), president and chief executive of Etihad James Hogan (2nd R) and Alitalia CEO Gabriele del Torchio (R) shake hands during the signing of an alliance agreement for Etihad to enter Alitalia's capital, during a press conference in Rome on August 8, 2014. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)
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James Hogan (L), president and chief executive of Abu Dhabi airline Etihad Airways, smiles while looking at Italian flag carrier Alitalia CEO Gabriele del Torchio (R) as he holds an alliance agreement for Etihad to enter Alitalia's capital, during a press conference in Rome on August 8, 2014. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)
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James Hogan (L), president and chief executive of Abu Dhabi airline Etihad Airways, and Italian flag carrier Alitalia CEO Gabriele del Torchio (R) pose during a press conference during which they signed an alliance agreement for Etihad to enter Alitalia's capital, in Rome on August 8, 2014. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)
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President and chief executive of Abu Dhabi airline Etihad Airways James Hogan attends a press conference in Rome on August 8, 2014, where he signed an alliance agreement for Etihad to enter Italian flag carrier Alitalia's capital. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)
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A stewardess of Abu Dhabi airline Etihad Airways and a stewardess of Italian flag carrier Alitalia pose during a press conference in Rome on August 8, 2014, during which the two companies signed an alliance agreement for Etihad to enter Alitalia's capital. Alitalia has been thrown a financial lifeline by Etihad Airways as the agreement, which follows several months of negotiations, will make the state-controlled Gulf airline the biggest single shareholder in the lossmaking Italian carrier. (AFP/Getty Images)