Italy’s government said on Wednesday it would welcome Air France-KLM buying into a reshaped Alitalia, hoping to woo back the French carrier after helping scupper a previous deal between the two airlines.
Italy has managed to find 16 domestic investors to invest in a restructured Alitalia to keep it in the air for now but needs [...]
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 cents), [...]
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 is [...]