Aeroflot out of Alitalia bidding
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Russian airline Aeroflot withdraws from the bidding for a substantial stake in Italian carrier Alitalia.
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The Italian governmentâs attempt to privatize the airline Alitalia collapsed after the only remaining bidder pulled out of the auction. The Italian treasury said it halted its attempt to sell its 49.9 percent stake in the airline after a buyout firm, MatlinPatterson Global Advisers, dropped out. The airline called a board meeting for tomorrow to decide what to do next. MatlinPatterson, which is based in New York, was one of 11 bidders that expressed interest when the auction began seven months ago. The bidders gradually dropped out because of what they said were onerous conditions that a buyer would be required to meet.
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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 Italian state must give up its majority stake in troubled Alitalia when the airline sells new shares, the EU warns.
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LONDON, September 24  - Italian airline company, Alitalia (ALI.FSE), has reached an agreement with eight trade unions to support the plans to split the company into two separate entities, while the ninth and last union is expected to
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Alitalia, the Italian government-run airline and a partner with Delta and Air France in the SkyTeam alliance, told its unions on Monday that it planned to lay off about 5,000
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Alitalia picks Air France-KLM as its top bidder, clearing the way for takeover talks to move ahead.
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Air France-KLM said Monday it had offered to take over Alitalia via a share swap, planning a major upgrade of the loss-making Italian flag carrier.
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The Italian government has announced it will sell off half its holding in loss-making national airline Alitalia.
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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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Russia's Aeroflot orders Airbus's new A350 XWB plane in a major boost to the European aircraft maker.
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Management and union leaders at Alitalia reached agreement on a new contract for pilots, though talks continued for other job categories ahead of a Wednesday deadline the company has set to work out a rescue package for the ailing carrier, union leaders said.
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Italian airline Alitalia said Thursday that it would postpone until next Tuesday its decision on which buyer it prefers to take over the loss-making company.
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ROME Italy&#39;s civil aviation authority said Friday that it had suspended a move to force rivals of the struggling state carrier Alitalia to raise prices on long-haul flights.
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Unions and management at Alitalia have struck a deal on payoffs for 3,700 employees set to lose their jobs. The agreement should open the way for the restructuring which could save the Italian carrier from bankruptcy.
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The near-bankrupt Italian airline Alitalia has sold some of its coveted landing slots at London's Heathrow airport for record prices, the Financial Times reported Thursday.