Etihad Airways said May 2 it had “done all it could” to preserve Alitalia, but that “fundamental and far-reaching restructuring” was now essential for the Italian airline to survive in some form. Abu Dhabi-based Etihad is a 49% shareholder in Alitalia and was seen as a “white knight” when the Italian flag carrier seemed close to collapse in 2014. At the time Etihad took a stake in the Rome-based carrier, Etihad Aviation Group president and CEO James ...

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