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EU: Etihad to win approval for Alitalia purchase this year

By  |  September 2, 2014

An unnamed source said EU officials will clear United Arab Emirates’ Etihad’s plans to acquire Italian airline Alitalia by the end of the year.

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    According to reports, the two airlines will file for approval of their merger with the European Commission some time this month, the source said Tuesday.

    The airlines inked a deal last month that sees Etihad acquiring 49 percent of the struggling Italian airline for $2.31 billion. The transaction would allow Etihad to have access to the EU’s fourth-largest airline market, reports say.

    The source said that the deal “should be conditional phase 1 clearance” by the European Commission by the end of the year.

    Full content: Business Insider

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