Etihad Airways completes investment and acquires 49 percent equity stake in new Alitalia
New company to be fully operational with effect from January 1, 2015
Rome, 23rd December 2014 - Alitalia and Etihad Airways today 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 per cent share in Alitalia SAI. The remaining 51 per cent 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.