50 SKY SHADES - World aviation news

Alitalia Wants a Major Stake in Air Malta

Download: Printable PDF Date: 28 Apr 2016 12:55 (UTC) category:
Publisher:
Alitalia Wants a Major Stake in Air Malta - Airlines publisher
Dana Ermolenko
Country: Malta Aircraft: Airplanes Airline: Air Malta
Source: Skift

Italian airline Alitalia says it is considering buying a 49 percent stake in Air Malta.

Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Alitalia CEO Cramer Ball said any deal would not hurt Alitalia’s three-year re-launch, which includes the goal of returning to profit by 2017.

Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined. No deadline has been set.

Loss-making Air Malta is in the last year of a five-year restructuring plan agreed with the European Commission in return for approval of 130 million euros in state aid.



Loading comments for Alitalia Wants a Major Stake in Air Malta...


Recommended

Daher begins TBM 960 US deliveries

Daher began TBM 960 customer deliveries to U.S. The aircraft the latest TBM version introduced to North America. To remind, it is the largest single market region for Daher very fa...

Etihad Airways ‘Sustainable 50’ A350 made inaugural flight to New York

Etihad Airways celebrated the arrival of its new Airbus A350-1000 in the United States following the inaugural commercial flight from Abu Dhabi International Airport (AUH) to New York’s John F....

ENAIRE and EHang to collaborate on U-Space and urban air mobility

EHang entered into a collaboration agreement with ENAIRE to promote research, development and innovation in the fields of U-Space and Urban Air Mobility in Spain and Europe. The pa...

VAH announces new seven aircraft purchase agreement of ~ $300 Million

Voyager Aviation Holdings signed a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with stro...

The drones news