With Alitalia, Etihad Adds to Its Global Stable of Airlines

Photograph by Alessia Pierdomenico/Bloomberg

Most airlines grow by adding planes to their fleet. Etihad Airways likes to invest abroad, buying stakes in other airlines. Its latest purchase—and largest to date—came Tuesday when the Persian Gulf carrier agreed to extend Alitalia a financial lifeline with the purchase of a 49 percent stake. The Italian airline now becomes the eighth in Etihad’s investment portfolio.

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