03-Apr-2008
ITALY :
(XFN Asia) Alitalia Chairman, Maurizio Prato, has resigned and the carrier has ended takeover talks with Air France-KLM.
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27-Mar-2008
ITALY :
The ongoing saga of the sale of 49.9% of Alitalia continues, with no end in sight. With Air France-KLM having apparently concluded its negotiations successfully on 16-Mar-08, and the outgoing Italian government having approved it a day later, a number of factors have since arisen to stall the transaction. These include continuing objections by the trade unions, the re-emergence of Air One as a potential bidder, and the declaration by Italy’s opposition leader, Silvio Berlusconi, that he would block the deal in favour of a bid by an Italian consortium backed by, Intesa Sanpaulo SpA, bank if he were to be elected Prime Minister in the upcoming election.
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