ROME, June 13 The board of Italy's troubled
airline Alitalia on Friday voted to accept Etihad Airways' offer
of an investment of up to 1.25 billion euros over the next four
years and said it would move quickly to conclude the tie-up, the
company's chief executive said.
"Today the Etihad plan was approved and the board delegated
myself and the chairman the job to study and rapidly come up
with a draft of the final contract," Alitalia CEO Gabriele Del
Alitalia is still negotiating with banks about restructuring
about 700 million euros ($953.1 million) in debt, Del Torchio
"We're proceeding, but you must understand that the sums are
not small. We're still working on it," he said.
($1 = 0.7345 Euros)
(Reporting by Alberto Sisto, writing by Steve Scherer, editing
by Isla Binnie)