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Alitalia board agrees to Etihad's cash offer

Strategic partnership to give Gulf carrier up to 49% stake

[NEW YORK] Facing the prospect of bankruptcy for the second time in five years, the board of Italy's troubled flagship airline, Alitalia, has agreed to a strategic partnership that would give a stake of up to 49 per cent to the state-owned Abu Dhabi carrier Etihad Airways.With no other viable