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    Etihad's Proposal For Alitalia Not Seen Before Monday: Sources

    Wochit Headline News

    by Wochit Headline News

    Etihad Airways' proposal to start formal talks on its potential investment in Alitalia is not expected before Monday, two sources close to the matter said, cooling expectations that negotiations with the Italian airline would gain traction this weekend. Alitalia was kept afloat by a government-engineered 500 million euro ($686 million) rescue package last year but needs to find a cash-rich partner quickly to revamp its flight network or else risk having to ground its planes.