Etihad Airways Confirms Purchase of 49% Stake in Troubled Alitalia

Etihad Airways confirms it will buy a 49% stake in troubled airline Alitalia. Though terms of the deal have not been disclosed, earlier this month, the Italian government said Etihad was looking to invest 560 million euros in Alitalia with another 690 million euros invested in the airline over the next four years. The Deal's Paul Whitfield weighs in on whether the acquisition is a wise move for Etihad. The Middle East carrier has been been cutting jobs and received a 300 million-euro cash injection from shareholders in December and 200 million in credit lines. But, the question remains: will EU regulators create roadblocks for the deal limiting an increase in foreign carriers' power over European airlines?