Shares of Malaysian Airline System Bhd rose the most in more than a year on Wednesday following a media report that the carrier will form a partnership with Etihad Airways.
Alitalia’s board on Friday “expressed appreciation” for Etihad’s proposals, which government sources say include plans to make the Italian carrier profitable by 2017.
Both airlines will proceed with final documentation to complete the transaction once the board and stakeholders in Alitalia confirm acceptance of the terms.