Media ID: 55372854
Former Italian Prime Minister Matteo Renzi is campaigning for leadership of his country’s Democratic Party. (AFP)
Voting opened for the election of a new leader of the Italy’s Democratic Party, with former Prime Minister Mattero Renzi tipped to win a new mandate. Citizens lined up at makeshift gazebos set up around the country Sunday. It was unclear when results will be...
Media ID: 55333653
A file photo taken on March 13, 2013 shows the logo on the wall of the Etihad Airways headquarters in Abu Dhabi, UAE. (AFP Photo/Karim Sahib)
Abu Dhabi, Reuters—Abu Dhabi’s state-owned Etihad Airways said on Wednesday it had agreed principal terms and conditions to buy a 49-percent stake in Alitalia in a last-ditch attempt to save the loss-making Italian carrier. Italy’s flagship airline has...
Media ID: 55330385
An Etihad Airways aircraft is seen at Abu Dhabi International Airport, on September 19, 2012. (Reuters/Ben Job)
Frankfurt, Reuters—Abu-Dhabi-based Etihad Airways will raise its stake in ailing German airline Air Berlin, which will delist, from 30 percent to 49.9 percent, a German weekly reported, possibly as a prelude to combining it with Alitalia. Citing company sources,...
Media ID: 55328398
A file picture taken on October 14, 2012 shows the Etihad Airways headquarters in the Emirati capital Abu Dhabi. (AFP Photo/Karim Sahib)
Dubai, AP—Gulf-based carrier Etihad Airways posted on Monday its largest annual profit yet, with 62 million US dollars in net earnings last year. The national carrier of the United Arab Emirates said profits were up 48 percent from 42 million dollars in 2012, and that...
Media ID: 55328463
Alitalia planes are pictured before takeoff at the Fiumicino airport (REUTERS/Max Rossi)
Frankfurt, Reuters—Germany’s largest airline Lufthansa has criticized plans by Etihad Airways to invest in ailing Italian carrier Alitalia and called on the European Commission to block the deal, saying it would amount to unfair competition. Etihad, which has...