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Etihad Airways PJSC has said it set conditions for an investment in Alitalia SpA that would give the flag carrier of the United Arab Emirates another foothold in a major European economy. Etihad will send a letter including criteria that Alitalia's board will have to approve before final talks between the two airlines get started, according to a joint statement Sunday. Etihad and Alitalia said they would prepare the final documents for a deal after Alitalia's board approves Etihad conditions. A tie-up with Etihad would secure Italian airline's financial stability, Alitalia CEO Gabriele Del Torchio said in the statement. Etihad, the smallest of the major three Middle East carriers, confirmed in December that it was in talks with Alitalia.
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