Etihad Airways has acquired 75% of Alitalia’s MilleMiglia frequent flyer program (FFP), valued at €112.5 million ($129 million), marking its third loyalty scheme stake. “The investment is part of the recapitalization and restructuring of Alitalia, which provides the airline with a sound financial platform for its future growth,” Alitalia CEO Silvano Cassano said. With this latest deal, Etihad operates FFPs for seven carriers and has majority stakes in three FFPs beyond ...

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