Saturday, October 25, 2014   

Etihad to buy Alitalia
(06-25 18:29)

Fast-growing Gulf carrier Etihad Airways says it and Alitalia have reached a deal in principle for the United Arab Emirates-based airline to buy a 49 percent stake in the struggling Italian airline.
Etihad said in a statement on Wednesday that the airlines have agreed on "the principal terms and conditions'' and will now work to finalize the details as soon as possible. It says the deal remains subject to regulatory approvals.
Financial terms were not disclosed.
Etihad CEO James Hogan said earlier this month that the carrier was looking forward to completing the deal.
The Gulf airline has snapped up stakes in several airlines in recent years, including Virgin Australia and Germany's second largest airline Air Berlin. --AP   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.