NEW YORK: Etihad Airways has signed an agreement with Alitalia of $634.18 million investment for better revival of Italian national airline as a competitive lucrative business.
The investment of USD634.18 million by Etihad is set to be supplied through a combination of equity injections, asset purchases, and funding measures to rebuild the airline’s balance sheet.
A complementary equity investment of USD339.7 million is also to be committed from current core Alitalia shareholders.
An addition of USD677.2 million in fiscal restructuring will be provided by financial institutions and existing bank shareholder.
