403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Etihad to invest USD1.99b to energize Alitalia
(MENAFN) Etihad Airways and Alitalia signed a transaction implementation agreement, which includes an investment of USD1.99 billion, Oman Observer reported.
The investment is set to build a revived the recapitalized Italian national airline as a competitive lucrative business, the two cargos said.
The investment of USD634.18 million by Etihad is set to be supplied through a combination of equity injections, asset purchases, and funding measures to rebuild the airline's balance sheet.
A complementary equity investment of USD339.7 million is also to be committed from current core Alitalia shareholders.
An addition of USD677.2 million in fiscal restructuring will be provided by financial institutions and existing bank shareholder.
The investment is set to build a revived the recapitalized Italian national airline as a competitive lucrative business, the two cargos said.
The investment of USD634.18 million by Etihad is set to be supplied through a combination of equity injections, asset purchases, and funding measures to rebuild the airline's balance sheet.
A complementary equity investment of USD339.7 million is also to be committed from current core Alitalia shareholders.
An addition of USD677.2 million in fiscal restructuring will be provided by financial institutions and existing bank shareholder.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment