In the abyss of Alitalia could reach up to 500 million euros. This is how much Etihad would be willing to invest in the former Italian flag carrier after the "decisive steps forward" produced by last night's meeting between the Italian premier, Matteo Renzi, and the CEO of the Abu Dhabi company, James Hogan . This was reported by an anonymous source quoted by the Reuters agency, specifying that "the letter of intent will arrive within a few days", and that "Etihad does not come to put a patch, but to change the face of Alitalia, which will become a company five star".
The Arab giant aims to acquire 49% of Alitalia for about 350 million euros, part of an investment that should reach a total of half a billion. However, there are some points on which the negotiation will not be simple, since Etihad sets two rather harsh conditions to enter the game: a cut in the cost of labor equivalent to around 2 redundancies, half of which with zero-hour cig, and a form of debt restructuring for at least 400 million euros. Furthermore, it is not excluded that the shareholders of Alitalia are called to further recapitalisation.
