UniCredit sees Etihad as good partner for Alitalia

April 6, 2014 8:19 am

Federico Ghizzoni, the chief executive of Italian global banking and financial services UniCredit has said that Etihad Airways could be a good partner for Alitalia, and that he hopes the Abu Dhabi-based airline would submit a proposal for the Italian carrier as it is expected to do shortly, Reuters has reported. “From the beginning I’ve said it could be a good partnership because there are no overlaps,” Ghizzoni said on the sidelines of a business conference in Cernobbio in northern Italy. The Gulf carrier is due to kick-start formal talks for an investment in Alitalia by outlining its conditions in a letter of intent. UniCredit, which is one of Alitalia’s creditor banks, owns a 13% stake in the airline after it took part in a €500m share issue engineered by the Italian government.