Etihad completes Alitalia investment agreement

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Alitalia and Etihad Airways have announced the completion of all the formalities related to the transfer of air transport operations from Alitalia CAI to the new Alitalia SAI.

Etihad Airways has subscribed and paid for the capital increase of Euro 387.5 million for the acquisition of a 49% share in Alitalia SAI. The remaining 51% shareholding is held by Alitalia CAI through MidCo, which has contributed the agreed assets and liabilities for the continuation of the airline.

The transaction will become effective on December 31, 2014 and Alitalia SAI – Società Aerea Italiana will commence operations on January 1, 2015.

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