Alitalia boosted by sell-off news
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Alitalia shares rise on the back of news that 11 potential bidders have expressed interest in the Italian airline.
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Amid around-the-clock negotiations with unions over a crucial rescue plan, Alitalia has sealed a deal with pilots that increased the airline&#39;s hopes of averting collapse.
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ROME: Italian airline Alitalia said yesterday that its first half loss was 620 million euros ($NZ1.14 billion), a higher-than-expected result owing to one-off expenses from a broad restructuring.
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Air France-KLM could invest 6.5 billion euros (9.4 billion dollars) in Alitalia under a takeover plan which would see up to 2,000 jobs cut at the struggling Italian flag-carrier, a report said Friday.
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The Italian state, owning 49.9 percent of Alitalia, will sell at least 30.1 percent and a buyer must bid for the whole company, the Italian economy ministry has said.
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Talks between Alitalia and the airline&#39;s unions continued on Tuesday as hopes rose of side-stepping bankruptcy before Wednesday&#39;s deadline.
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Italy&#39;s loss-making Alitalia has reached a deal with its unions to split the state-controlled airline in two, helping secure the company&#39;s immediate future and opening the way for partial privatization.
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Alitalia shares leaped more than 13 percent on Tuesday on optimism that around-the-clock talks between pilot unions and management will soon produce an agreement over cuts in labor costs.
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European shares rose on Friday, supported  by Wall Street's strong close, with standout gains from  TeliaSonera's pledges to trim its costs and as takeover talk  lifted UK cigarette maker Gallaher.
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Air France-KLM reveals that its offer for the Italian airline Alitalia is to be structured as a share swap.
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Alitalia reached a vital deal with its pilots on productivity improvements on Tuesday, a day ahead of a deadline to seal a rescue plan or face bankruptcy, union sources said.
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Shares in ailing Italian national  carrier Alitalia surge on speculation that Air France is preparing to bid for the airline.
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Shares of Italian airline up on optimism that pilot agreement is first step to regaining health. ROME  - With a boost from a vital deal with pilots, Alitalia and unions for cabin crew and ground staff
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LONDON, October 6  - Alitalia (ALI.FSE) has reached an agreement with its major labour unions and the Italian government, enabling the loss-making airline to access a â¬400 million (â¬492.
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Auto supplier&#39;s shares rise after it says it will sell more companies that aren&#39;t market leaders. By Jeff Green and Jeff Bennett / Bloomberg News.
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Near-bankrupt Italian flagship carrier Alitalia won approval from flight attendants Saturday for a job-cutting plan - the last in a series of labor deals crucial to saving the airline from collapse.
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The Italian government announced plans Friday to sell down its 49.9 percent stake in Alitalia as part of its efforts to turn around the cash-strapped airline.