Alitalia, Etihad Airways merger approval

Alitalia and Etihad Airways have received the green signal from the European Commission for its merger clearance. The approval has been granted under EU Regulation No 139/2004 as the partnership complies with the European regulations on competition.

James Hogan, president and chief executive officer of Etihad Airways said: “An equity investment in Alitalia will be beneficial not only for the both airlines, but, more importantly, it will give more choice and broader travel opportunities to business and leisure travellers into and out of Italy.”

Both airlines will continue to work together with a view to completing the transaction before this year end.

sourced:traveldailymedia.com