Italy allows U.S. fund into bidding for Alitalia
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Italy has allowed U.S. private equity firm MatlinPatterson to re-enter the auction for airline Alitalia  after fears arose that one of the two final bidders may quit.
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The London Stock Exchange (LSE) discusses a $2bn bid for its Italian counterpart, say sources quoted by Reuters.
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Italian carrier Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the airline, the final hurdle in long negotiations for ensuring the company's survival.
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Italian airline Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the carrier, the final hurdle in long negotiations for ensuring the company's immediate survival.
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Alitalia directors were expected to give formal backing to a four-year rescue plan that will free up a 400-million euro (486-million-dollar) state-backed loan to keep the carrier aloft.
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Five bidders have made the final round of the auction to buy Alitalia, which is being sold by the Italian government.
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The move by the Italian government could help prepare the countryÂs flagship carrier to be taken over by Air France-KLM.
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Alitalia SpA has signed an agreement for a euro400 million (US$496 million) bridge loan, the struggling Italian airline said Monday.
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Struggling Italian flagship carrier Alitalia signed an agreement overnight with the government and labor unions on helping employees whose jobs will be slashed under a plan to save the airline, news reports said Wednesday.
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ROME: After winning union backing for job cuts, Alitalia has given formal approval to a four-year business plan aimed at saving the near-bankrupt Italian carrier from collapse.
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After winning union backing for job cuts, Alitalia was holding a board of directors meeting Monday to approve a restructuring plan aimed at saving the near-bankrupt Italian carrier from collapse.
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ROME : The management of Alitalia was due to present a rescue plan to trades unions which hold the key to whether the state-controlled airline receives a government-guaranteed loan to avoid bankruptcy.
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French airline Air France-KLM said Wednesday that it was open to takeover talks with Italy&#39;s troubled Alitalia carrier, which is seeking a buyer, and with Iberia of Spain.
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Air France-KLM and the financially troubled Italian airline Alitalia said they have begun tentative talks on a possible alliance, prompting Italian government suspicions about French intentions.
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Air France-KLM's bid for Italy's  state-controlled airline, Alitalia, has triggered a frenzy of  holiday lobbying by powerful opponents who want Rome to reject  an offer they say harms national interests.
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Management at the Italian state airline Alitalia was to put forward a rescue plan to trade unions, whose members hold the key to whether the struggling carrier receives a government-guaranteed loan to avoid bankruptcy.
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Air France-KLM appeared best placed to buy Alitalia, ahead of Italian company Air One, as Alitalia's board prepared to meet on Friday on which rescue plan to recommend to the government.