File - Etihad is seeking to buy a 49-percent stake in the Italian flag carrier.
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Fast-growing Gulf airline Etihad Airways said Wednesday that it had reached a deal in principle to buy a 49-percent stake in struggling Italian carrier Alitalia, expanding its collection of foreign investments to one of Europe's most recognizable aviation brands.Etihad has already acquired stakes in a number of European carriers, including Air Serbia, Ireland's Aer Lingus and Germany's second largest airline, Air Berlin.Etihad is smaller than both its Gulf competitor Qatar Airways and the region's largest carrier, Dubai-based Emirates.
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