Air France-KLM says to meet Alitalia for takeover talks
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Air France-KLM said Tuesday that chairman Jean-Cyril Spinetta will meet the head of Alitalia, Maurizio Prato, in Rome to begin discussions on its planned takeover of the ailing Italian carrier.
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French-Dutch airline Air France KLM  is planning to team up with two Spanish firms to bid for Spain's Iberia  against a group led by private equity group TPG, Expansion newspaper said on Wednesday.
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Air France-KLM  declined  comment on Tuesday on the latest in a series of newspaper  reports that it remains interested in bidding for Alitalia  (AZPIa.MI).
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Struggling Italian flagship carrier Alitalia held late-night talks Tuesday with the government and labor unions on how to help employees whose jobs will be slashed under a plan to save the airline, news reports said.
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MILAN - Alitalia headed into eleventh-hour talks with unions today, a putative deadline for clinching plans to avoid bankruptcy, after winning a key deal with pilots.
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Talks between Alitalia and the unions were continuing on Tuesday as hopes rose of staving off bankruptcy at Italy's troubled national airline.
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MILAN Alitalia moved closer to liquidation Wednesday with a government official demanding that the management of the Italian state-owned airline and its unions reach a quick agreement on a restructuring plan.
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Outgoing Italian premier Romano Prodi said Wednesday he would try to secure the sale of ailing flag carrier Alitalia to Air France-KLM by mid-April elections despite resistance from northern Italy.
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French and Italian leaders are to discuss the future of struggling airline Alitalia amid talk of an Air France merger.
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With the future of Italy's flagship carrier at stake, Alitalia began crucial talks with unions Monday to unveil a rescue plan - including expected layoffs - aimed at averting collapse.
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"The goal is to make the new Alitalia number four in Europe, a company that should reach financial equilibrium by 2009 and begin turning a profit in 2010."  Italy's Air One and European giant Air France-KLM on Monday unveiled details of their rival bids for Alitalia, with both proposing a major overhaul of the near-bankrupt Italian flagship's ageing fleet. via The Tocqueville Connection
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Air France-KLM's  bid for Alitalia  includes a share swap and a capital hike of 750 million euros ($1.09 billion), with up to 1,700 job cuts, Air France's Chairman Jean-Cyril Spinetta was quoted as saying.
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Air France-KLM, the world's largest airline by revenues, came a step closer Friday to controlling the near-bankrupt Alitalia after Italy's finance minister said it could begin exclusive takeover talks.
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Alitalia's board of directors said Friday it had advised the Italian government to pursue an offer by Air France-KLM to rescue the near-bankrupt airline with a long-term investment of 6.5 billion euros.
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The boss of Italy&#39;s troubled Alitalia carrier wants to see the airline&#39;s state holding sold off by the end of the year, he said in an interview published Saturday.
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Air France KLM, under pressure from Rome to commit to a merger with Alitalia, announced exploratory talks with the ailing carrier toy but reaffirmed conditions for a deal.Comment
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Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.