Air France Alitalia bid approved
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The Italian government gives its backing to Air France-KLM's bid to buy a chunk of national airline Alitalia.
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Per privatizzazione verso rush tra Air France e Lufthansa
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MILAN Alitalia took a big step Tuesday toward resolving labor disputes that have threatened to push the Italian airline into bankruptcy, agreeing to new contracts with 2,300 pilots.
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Alitalia took a step on Tuesday toward resolving the labor disputes that have threatened to push it into bankruptcy, agreeing to new contracts with its 2,300 pilots.
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Air France KLM said on Thursday it was in exploratory tie-up talks with Alitalia at the request of the Italian airline.Comment
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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.
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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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Italy's economy minister said Friday he backed Air France-KLM as the preferred bidder for the government's stake in troubled national carrier Alitalia.
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Air France  announced a $7  billion aircraft order on Thursday, split between Airbus   and Boeing .
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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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ALITALIA bosses and unions along with the government today announced their agreement on a deal to salvage the troubled Italian flag-carrier.
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Irish budget airline Ryanair has said that shareholders owning 0.9 percent of rival Irish airline Aer Lingus had accepted its takeover offer.
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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 the Italian government said it could begin exclusive takeover talks.
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ROME : Alitalia directors gave 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 Italian flag carrier aloft.
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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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European regulators on Thursday approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel.
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Near-bankrupt Italian flagship carrier Alitalia won approval from flight attendants Saturday for a job-cutting plan &#151; the last in a series of labor deals crucial to saving the airline from collapse.