Alitalia shares up on rescue deal
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Shares in Alitalia rose on Monday after staff agreed job and pay cuts last week to keep the beleaguered airline flying. The firm&#39;s chief executive was holding a final meeting with unions in Rome on Monday
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Fiat shares and bonds rallied on Monday after the Italian group won a &#36;2 billion settlement with General Motors, avoiding a long court case but also increasing the pressure to revive its car arm.
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Alitalia stepped back from the brink of bankruptcy yesterday night as its board of directors approved a rescue plan that will allow the airline to tap into a â¬400 million ($486 million) emergency loan.
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BRUSSELS A four-year plan to rescue Alitalia will get the approval of the European Commission, as long as it does not bank on any new money from the Italian government, the commission said Tuesday.
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Alitalia bosses and union and government officials forged a deal to save the troubled Italian flag carrier after thrashing out the details of redundancy payments for 3,700 workers who will lose their jobs in a restructuring plan.
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ROME  - 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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TURIN, Italy  - Fiat shares and bonds rallied on  Monday after the Italian group won a $2 billion settlement with  General Motors, avoiding a long court case but also increasing  the pressure to revive its car arm.
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Alitalia bosses and union and government officials forged a deal early yesterday to save troubled Italian flag carrier Alitalia after thrashing out the details of redundancy payments
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Loss-making Italian airline Alitalia outlined a new rescue strategy on Thursday that included plans to launch another capital increase and cut an unspecified number of jobs.
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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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Shares in ailing Italian national  carrier Alitalia surge on speculation that Air France is preparing to bid for the airline.
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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 equity markets were lifted by a rebound in the financial sectors on Tuesday, with Italy's Capitalia leading banks higher after Spain's Santander was reported to be poised to raise its stake to around 5 per cent.
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Unions and management at Alitalia have struck a deal on payoffs for 3,700 employees set to lose their jobs. The agreement should open the way for the restructuring which could save the Italian carrier from bankruptcy.
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Alitalia directors were expected to give 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 carrier aloft.
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The deadline for making binding offers to buy loss-making Italian airline Alitalia has been extended by 10 days, from July 2 to July 12, the Italian economy ministry said on Thursday.
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MILAN  - Alitalia airline won a thumbs up from the stock market following a weekend job-cutting deal with flight attendants seen as clearing away a threat of bankruptcy and opening up new horizons.