Air One, Air France-KLM unveil Alitalia takeover proposals
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"The goal is to make the new Alitalia number four in Europe, a company that should reach financial equilibrium by 2009 and begin turning a profit in 2010."  Italy's Air One and European giant Air France-KLM on Monday unveiled details of their rival bids for Alitalia, with both proposing a major overhaul of the near-bankrupt Italian flagship's ageing fleet. via The Tocqueville Connection
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Air France-KLM chairman Jean-Cyril Spinetta said he had held very "useful and positive" talks here Wednesday on his company's planned takeover of Alitalia, the struggling Italian airline.
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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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With the future of Italy's flagship carrier at stake, Alitalia began crucial talks with unions Monday to unveil a rescue plan - including expected layoffs - aimed at averting collapse.
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PARIS: Europe&#39;s largest carrier Air France-KLM joined rivals yesterday in raising its ticket prices to offset soaring jet fuel costs, but a leading bank questioned how effective the surcharges would be in protecting airline profits.
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Europe's biggest airline Air France-KLM has doubled its net profit in the first quarter of its financial year but poured cold water on rumours that it was preparing to rescue struggling Italian rival Alitalia.
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MILAN : Alitalia pursued last-ditch talks with unions, its deadline for clinching a rescue plan or face bankruptcy, a day after winning a key deal with pilots.
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An alliance between Air France-KLM and Italian airline Alitalia is &quot;desirable,&quot; French President Jacques Chirac has said after meeting with Italian Prime Minister Romano Prodi.
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French and Italian leaders are to discuss the future of struggling airline Alitalia amid talk of an Air France merger.
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The boss of Italy&#39;s troubled Alitalia carrier wants to see the airline&#39;s state holding sold off by the end of the year, he said in an interview published Saturday.
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A new low-cost tourist airline being created by Air France-KLM will launch by next June and will compete with budget carriers flying to dozens of Mediterranean destinations, the company said.
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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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Per privatizzazione verso rush tra Air France e Lufthansa
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Il mercato crede a possibilita'contro-offerta Air One
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The French government asked two banks, France&#39;s Societe Generale SA and the Netherlands&#39; ABN Amro Holding NV, to handle the sale of the Air France-KLM stake involving some 48 million shares, according to a Finance Ministry spokesperson.
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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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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.