14 Nov 2014 23:30
Alitalia and Etihad Airways are pleased to confirm that they have received merger clearance from the European Commission under EU Regulation No. 139/2004. They can therefore proceed with the proposed strategic partnership announced in August.
the completion of its review, the European Commission today confirmed that the
partnership complies with the European regulations on competition. In line with
previous cases, the airlines undertook commitments aimed at facilitating the
entry of new airlines on the Rome to Belgrade route.
parties continue to work together with a view to completing the transaction
before the end of the year.
and Chief Executive Officer of Etihad Airways, James Hogan, said: “We are
delighted to be able to move forward with this process and look forward to a
positive outcome and the final conclusion of our transaction with Alitalia.
equity investment in Alitalia will be beneficial not only for the both
airlines, but, more importantly, it will give more choice and broader travel
opportunities to business and leisure travellers into and out of Italy.”
del Torchio, Chief Executive Officer of Alitalia, said: “This is an excellent
outcome for Alitalia. This investment will provide financial stability and a
foundation for impressive long-term growth for the Company and for the travel
and tourism industry in Italy, in which Alitalia is a fundamental player.
“Today’s decision by the EU approves the largest
ever foreign investment in Alitalia and demonstrates huge confidence in the
future of the national carrier.”