MILAN May 5 Alitalia's CEO Gabriele Del Torchio
will present his counterpart at Etihad with a proposal aimed at
reaching a deal for an investment by the Gulf-based airline in
the struggling Italian carrier, one of Alitalia's top
shareholders said on Monday.
A meeting between the two top executives is due to take
place on Tuesday.
"The CEO of Alitalia will present Etihad with a proposal,"
said the CEO of core investor UniCredit, adding that the
proposal would be backed by all shareholders and creditors.
Etihad is looking to buy up to 49 percent of Alitalia but
does not want to take on the Italian airline's large debt and
wants to cut staff by up to 3,000 units, several sources with
knowledge of the situation have told Reuters.
(Reporting by Gianluca Semeraro, writing by Lisa Jucca, editing
by Valentina Za)