Alitalia's UIL ready for talks on Etihad deal | Alitalia's UIL ready for talks on Etihad deal -

Alitalia’s UIL ready for talks on Etihad deal

: Saturday, April 26 - 2014 @ 03:26

UIL, one of the main Alitalia unions, has said that it is willing to enter negotiations to help to meet conditions set by Etihad Airways for investing in the troubled Italian carrier after talks between the airlines stalled over debt and job cuts, Reuters has reported. Abu Dhabi-based Etihad has been looking at Alitalia’s books for a possible investment since early this year, but the prospect of heavy job cuts at Alitalia and its debt of at least €800m have been major hurdles in the talks and Etihad’s stance appears to have hardened in recent weeks. “We are willing to do our part to get to an agreement,” UIL’s Luigi Angeletti told RaiNews24. After speaking with Alitalia’s CEO, Angeletti confirmed that labour costs and the airline’s debt were the main stumbling blocks in the talks.

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Saturday, April 26- 2014 @ 3:26 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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