20 JANUARY 2014

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Article from BTNews 20 JANUARY 2014

Alitalia latest

Etihad will not be rushed into making a decision over an investment in struggling Alitalia, Chief Executive James Hogan told the media at a press conference in Berlin last week.

"There are no plans to make any announcement at the end of this month," he said.  Mr Hogan’s words follow weeks of conjecture with Alitalia jumping from one crisis to another. (see BTN 6 January)

"What is important in any transaction is that you undertake your due diligence and ensure if you are going to invest, there is a clear plan to move to profitability.  We will not be rushed into making a decision," Hogan said.

He also said Etihad was not looking at investing in Poland's LOT or Latvia's Air Baltic.  Nor was Etihad planning to take a stake in Rome's Fiumicino airport, Hogan added. www.alitalia.com

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