Etihad Airways confirmed today that it will present a speech includes the preconditionsand criteria for investment quotas, which plans to do in Alitalia. The past months have seen negotiations between Etihad Airways and Alitalia and its shareholders on this matter.
And praised the Italian government's strategic importance to this deal and expressed support for the company's relationship between Etihad Airways and Alitalia.
Following the submission confirms the acceptance of the Board of Directors and major shareholders in Alitalia to these conditions, the two companies will go forward to the final documentation process with a view to the conclusion of the proposed transaction in accordance with the regulatory requirements in the European Union and otherstakeholders.
On this occasion, said James Hogan, President and Group CEO of Etihad Airways,said: "We are pleased to move forward in these procedures and look forward to the conclusion of the proposed transaction with Alitalia."
He added: "I will not be investing in the shares of Alitalia useful for the two companies, but also extends its positive effects to business and leisure travelers to and from Italy,by providing a wider and more bouquet of travel options.
For his part, stated Gabrila del Tockheo, CEO of Alitalia, said: "This outcome is excellent for Alitalia, since they contribute to investments in the consolidation of the financial stability of Alitalia, and emphasizes the strategic role played by Alitalia in strengthening the infrastructure for travel and tourism sector in Italy over the long term . "
In turn, according to Roberto Colanino, Alitalia Chairman: "We are pleased to move forward with Etihad Airways, which represents an ideal strategic partner, thereby contributing to support the company's growth prospects over the long term."