Abu Dhabi carrier Etihad agreed to a 49 % stake in Italian loss-making airline Alitalia . It has also looked East , with stakes in stakes in Jet Airways of India and Virgin Australia . It is the biggest foreign stake of a European carrier , taking it to the limit set by EU . The deal will see Alitalia’s parent company Finmeccanica acquire an additional 51 percent share for €1.05 billion ($2 billion) and Etihad’s parent group Qatar Airways take over 50
Abu Dhabi carrier Etihad agreed to a 49 % stake in Italian loss-making airline Alitalia . It is the biggest foreign stake of a European carrier , taking it to the limit set by EU . The deal will see Alitalia’s parent company Finmeccanica acquire an additional 51 percent share for €1.05 billion ($2 billion) and Etihad’s parent group Qatar Airways take over 50