Air France and Alitalia in tentative merger talks
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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 on Thursday but reaffirmed conditions for a deal.
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The boards of state-owned Gaz de France and utility giant Suez SA were meeting Sunday night to discuss a new merger deal, as expectations grew that an agreement on the long-stalled tie-up was imminent.
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MILAN Alitalia&#39;s management and unions representing its cabin crews edged toward an accord Friday night on job cuts and working conditions in an effort to save the national carrier from collapse.
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Labor and management at Italian state airline Alitalia have reached an agreement in principle to split the carrier into two companies, one for flight services and the other for ground operations, union sources said.
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Air France said Monday it is considering a tie-up with Spanish carrier Iberia among other options.
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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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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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Air France KLM , under pressure  from Rome to commit to a merger with Alitalia, announced  exploratory talks with the ailing carrier on Thursday but  reaffirmed conditions for a deal.
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Alitalia appeared to clinch its final union agreement on Saturday over job and wage cuts, as cabin crews agreed to a painful restructuring needed to prevent the airline&#39;s collapse, a union source said.
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France may push to merge EADS with Thales.
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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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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 (9.3 billion dollars).
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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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Now, Air France is talking with Alitalia.
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Alitalia's suitors Air France-KLM  and Air One each detailed plans which could nearly double its  capital and promised it new planes on Monday, a day before the  indebted airline's board meets to pick a partner.
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French government negotiators were in talks late Sunday with the two main private shareholders of EADS seeking to complete a deal on simplifying the companyâs management structure.
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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