Alitalia SpA must convince Etihad Airways PJSC that it can turn a profit and not simply enhance traffic flows to the Gulf, the Abu Dhabi-based carrier said as it continues to examine the Italian company’s books.
Etihad Airways PJSC said it will decide within 30 days whether to buy a stake in ailing Italian airline Alitalia SpA as the Abu Dhabi flag carrier continues its streak of purchases to funnel traffic through the Middle East.
Etihad Airways PJSC Chief Executive Officer James Hogan is preparing to unveil a series of Latin American partnerships as the Middle East’s third-largest airline bolsters its global network of local cooperations
German Efromovich, owner of Latin America’s second-biggest airline group, said he’s cooling on plans to take a stake in a European flag-carrier and may instead establish his own operation to penetrate the market.
At a Rome campaign rally before Italy’s national elections in 2008, Silvio Berlusconi told cheering supporters that a group of national entrepreneurs was willing to save Alitalia SpA “for the love of their country.”
Etihad Airways PJSC will use its new Swiss unit to add flights to Germany, deepening penetration of a market where a cap on direct flights has already caused the Gulf carrier to invest in Air Berlin Plc.