Monday, January 20, 2014

Etihad 'Will Not Be Rushed' Into Alitalia Decision

Etihad will not be rushed into making a decision over an investment in Alitalia, the chief executive of the Abu Dhabi-based airline said on Monday.
"There are no plans to make any announcement at the end of this month," James Hogan told journalists at an event in Berlin.
Alitalia is in talks with Etihad, which sources close to the matter told Reuters news agency is willing to take a large stake. An Italian newspaper reported last week that Etihad could present an offer possibly as early as this week.
"What is important in any transaction is that you undertake your due diligence and ensure if you are going to invest, there is a clear plan to move to profitability. We will not be rushed into making a decision," Hogan said.
He also said Etihad was not looking at investing in Poland's LOT or Latvia's Air Baltic. Nor was Etihad planning to take a stake in Rome's Fiumicino airport, Hogan added.