• Register
alitalia

Etihad proposes turnaround plan returning Alitalia to profit in 3 years

: Saturday, May 17 - 2014 @ 02:17

Etihad Airways’ proposed turnaround plan, presented by the Abu Dhabi-based carrier as part of tie-up talks with Alitalia, could see the loss-making Italian airline return to profit by 2017, Reuters has reported, citing an Italian government source. Etihad’s plan sees Alitalia reaching a net profit of €108m by 2017, revenues of €3.66bn and earnings before interest, tax, depreciation and amortisation of €526m, but its proposal is tied to demands around debt that have yet to be tackled, the source said. “This is a base for negotiations,” the source said. “The numbers could still change considerably in the course of the talks.”

Today's Top Stories

Posted by

Saturday, May 17- 2014 @ 2:17 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.

AME Info Services





Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically



JobsVIEW ALL

Search for jobs

Latest Jobs