Aviazione News

More than a year after the Italian government launched its plans to sell Alitalia, the beleaguered state-controlled airline has agreed to a takeover bid from Air France-KLM. But the offer has fallen far short of what Alitalia and its investors were hoping for. Shares in the Italian airline plummeted 24.5%, or 13 euro cents (21 [...]

Air France-KLM was expected to submit a bid imminently for struggling Alitalia, despite union resistance and an upcoming Italian election that could threaten the deal. The French-Dutch airline said Monday it would submit its bid to buy a majority stake in the flagship Italian carrier on Friday. The release of details on the bid, which [...]