The long-mooted deal between Etihad Airways and Italian flag-carrier Alitalia finally came to fruition Friday in a complex transaction worth €1.75 billion ($2.35 billion). Both sides said they planned a reinvigorated and profitable Alitalia, with particular attention being paid to developing long-haul routes. The deal must first gain regulatory approval and is subject to Alitalia and its existing shareholders completing certain conditions that were not specified Friday. At a press ...

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