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Abu Dhabi’s Etihad to meet with banks over Alitalia stake

Sources close to the matter say a deal could involve Etihad buying a 40 percent stake for as much as $409 million

Published: Updated:

Etihad Airways is holding talks with Alitalia’s banks in Rome this week about buying a stake in the troubled Italian carrier, the chief executive of the Abu-Dhabi based airline said.

James Hogan told a media briefing at the Singapore Airshow on Tuesday that he could not say whether a deal would be completed or not, saying only they are still in the due diligence process.

Sources close to the matter say a deal could involve Etihad buying a 40 percent stake for as much as 300 million euros ($409 million).