When Etihad Airways brokered a deal in August 2014 to become a 49% shareholder of Alitalia and vowed it would turn the historically  unprofitable airline around by 2017, only a few believed it really would happen. But the unimaginable seems to be  occurring. The restructuring is progressing well, and Alitalia’s management board even has upped its financial target for next year from reaching break-even to profitability. As icing on the cake, the European Commission (EC) has ...

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