newstodate.aero
Jun 28, 2007 (newstodate): Aeroflot has now definitively left the Alitalia tender.
-A thorough review of all the elements of the privatization process for Alitalia, Aeroflot has decided with regret to withdraw and is not in the position to present a binding offer under the set terms and conditions, the company says in a statement.
-The following elements have supported Aeroflot's decision to withdraw: Aeroflot and its advisors have not had access to critical information with respect to the commercial and operational aspects of Alitalia's business to confidently formulate a well supported business proposal to successfully restructure Alitalia. Sedondly, the conditions and requirements outlined for the privatization process would significantly limit the ability of Aeroflot to implement what Aeroflot believes to be the necessary measures to re-launch Alitalia.
-A thorough review of all the elements of the privatization process for Alitalia, Aeroflot has decided with regret to withdraw and is not in the position to present a binding offer under the set terms and conditions, the company says in a statement.
-The following elements have supported Aeroflot's decision to withdraw: Aeroflot and its advisors have not had access to critical information with respect to the commercial and operational aspects of Alitalia's business to confidently formulate a well supported business proposal to successfully restructure Alitalia. Sedondly, the conditions and requirements outlined for the privatization process would significantly limit the ability of Aeroflot to implement what Aeroflot believes to be the necessary measures to re-launch Alitalia.