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Etihad's expansion strategy faces test

Will airline increase its global footprint with investment in Alitalia?

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Ready to fly: Etihad and Alitalia are in the final stages of due diligence and sources close to the matter say that a deal could involve Etihad buying a 40 per cent stake for as much as 300 million euros. - FILE PHOTO

[FRANKFURT] A potential deal to buy a stake in troubled Italian airline Alitalia could be the biggest test yet for Abu Dhabi-based Etihad's strategy of using stakes in ailing airlines as an easy way to expand its global footprint. Etihad's collection of minority airline stakes stretches from the