$336m capital hike approved by Alitalia board
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$336m capital hike approved by Alitalia board

$336m capital hike approved by Alitalia board

The board of directors of Alitalia has approved a €250m ($336m) capital increase to save the struggling airline, until it can be taken over by Abu Dhabi-based Etihad Airways, the Associated Press has reported. The capital increase will come from major stakeholders. The Italian airline has been trying to overcome the final hurdles to sign an agreement for Etihad to take over a 49% Alitalia stake with an investment of €560m.
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