Alitalia and Abu Dhabi's Etihad Airways have confirmed that they have agreed the principal terms and conditions of a proposed transaction whereby Etihad Airways will acquire a 49 percent equity stake in Alitalia.

In a joint press release, Etihad Airways and Alitalia said, "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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