Etihad ‘delighted’ to move forward on Alitalia deal

June 2, 2014 12:50 am

James Hogan, the CEO of Etihad Airways has said the Abu Dhabi-headquartered airline is looking forward to clinching a proposed deal involving a big stake in struggling Italian carrier Alitalia, the Associated Press has reported. The two airlines said in a joint statement that Etihad Airways confirmed that it will send a letter detailing conditions for a proposed equity investment. Negotiations have lasted for months. “We are delighted to be able to move forward with this process” and look forward to its successful conclusion, said Hogan.