February 11, 2014 / 4:16 AM / 4 years ago

Etihad says meeting with Alitalia's banks over stake

SINGAPORE (Reuters) - Etihad Airways is holding talks with Alitalia’s banks in Rome this week about buying a stake in the troubled Italian carrier, the chief executive of the Abu-Dhabhi based airline said.

James Hogan told a media briefing at the Singapore Airshow on Tuesday that he could not say whether a deal would be completed or not, saying only they are still in the due diligence process.

Sources close to the matter say a deal could involve Etihad buying a 40 percent stake for as much as 300 million euros ($409 million).

Reporting by Anshuman Daga; Editing by Jeremy Laurence

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