After months of negotiations, Etihad Airways and Alitalia announced Wednesday they have agreed to a deal that will see the fast-expanding Abu Dhabi-based carrier take a 49% stake in the struggling Italian flag carrier. In a brief statement, the two carriers confirmed they had “agreed on the principal terms and conditions of a proposed transaction whereby Etihad Airways will acquire a 49% equity stake in Alitalia. The airlines will now move to finalize the transactional documents, which ...

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