Etihad Airways – Alitalia Statement
Alitalia and Etihad Airways today confirmed that they have agreed the 2 principal terms and conditions of a proposed transaction whereby Etihad Airways will acquire 49 per cent equity stake in Alitalia.
The airlines will now move to finalise the transactional documents, that will include the agreed upon conditions, as soon as possible. The conclusion of the investment is subject to final regulatory approvals.
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ETIHAD AIRWAYS – JET AIRWAYS MOVE AHEAD WITH STRATEGIC ALLIANCE FOLLOWING FINAL APPROVALS
Etihad Airways, the national carrier of the United Arab Emirates and Jet Airways today announced that the airlines closed the transaction for the subscription of a 24 per cent equity stake by Etihad Airways in Jet Airways. All requisite Indian regulatory approvals had been obtained by November 12, 2013. Jet Airways has, on November 20, 2013, issued and allotted 27,263,372 equity shares of a face value of Rs. 10 each at a price of Rs. 754.7361607 per equity share on a preferential basis to Etihad
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