Alitalia shares fall after board backs Air France
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Alitalia  shares fell more than 3 percent on Thursday, the first day of trading since the loss-making airline's board backed Air France-KLM's  bid ahead of a final decision by the Italian government.
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Alitalia employees leave the company&#39;s Rome headquarters yesterday. The Italian carrier plans to slash thousands of jobs to get back on track.
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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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Air France-KLM is not interested in buying a stake in Alitalia, which is being privatised by the Italian government, Air France-KLM chief executive Jean-Cyril Spinetta said on Thursday.
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Shares of Air Canada (AC.TO: Quote, Profile, Research) fell by more than half on Wednesday, after the Toronto Stock Exchange said it was reviewing the company&#39;s stock to determine if it meets listing requirements.
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Russian airline Aeroflot withdraws from the bidding for a substantial stake in Italian carrier Alitalia.
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SYDNEY- Australian shares fell 0.3 per cent on Monday, led down by insurer Axa Asia Pacific after it ended buyout talks with its French parent and by a weaker banking sector on concerns over higher interest rates.
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ROME/MILAN  - Air France-KLM  has bid 35 euro cents per share for ailing Italian airline Alitalia  while an offer from domestic carrier Air One is one euro cent per share, a source close to the talks said on Friday.
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The struggling Italian national carrier Alitalia reported narrower first-quarter losses Tuesday as the airline reaches the final stages of a tender bid to go private.
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Italian airline Air One withdraws from the bidding for a stake in state-owned Alitalia, threatening its sale.
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The EU has welcomed the approval of a rescue plan for Italy&#39;s Alitalia, but shares in the loss-making airline have fallen as union and competitor
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Struggling Italian airline Alitalia is set to seek one of three domestic partners to help it claw backmarket share, Alitalia&#39;s Chairman and CEO Gianfranco Cimoli said on Thursday.
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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.
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Shares in British Airways  dropped more than 6 percent on Monday after a newspaper report that pilots at its GB Airways unit were voting on industrial action over Easter, traders said.
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European shares closed lower on Thursday as oil and gas companies weighed down indexes already under pressure from transport stocks such as Air France-KLM.
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Shares in Cathay Pacific and Air China fall after both airlines say they will not bid for a stake in China Eastern.
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The Italian airline Alitalia said its loss before taxes and exceptional items narrowed to 462.42 million euros (600 million dollars) in 2004 from 515.5 million one year earlier and predicted further improvement in 2005.