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Media release

Some recent media speculation about Alitalia and its minority shareholder Etihad Airways have wrongly reported matters that have no factual basis.

The facts are these.

Alitalia’s sale to Etihad Airways of landing and take-off slots at London Heathrow Airport, plus the sale of Alitalia’s Millemiglia loyalty programme, which were  included in the agreement signed in August 2014 between Etihad and CAI, were fully transparenty and at market prices.  This was confirmed by independent experts.

No observer, commentator or financial analyst at the time raised any concerns when those transactions were widely publicised in Italy and in international markets.

In fact, the details were unveiled at a press conference in August 2014 in Rome.

The same figures have been repeated publically by the company on several subsequent occasions, and again without any concerns being expressed by anyone, or anywhere.

Separately, reports that Etihad has benefited more than Alitalia in their codeshare agreements are completely unfounded.  The agreements between the two airlines provide that the entire value of the ticket goes to the airline that operates the flight, while a simple commission fee goes to the vendor airline on an equal basis.

Other media speculation that the CEO of Alitalia Cramer Ball has/is negotiating a (is it €2 million or multi-million?) exit package from the airline is completely baseless.

Finally, Alitalia reiterates that the airline is operating its full schedule of flights as usual.