newstodate.aero
Mar 17, 2008 (newstodate): Pending government approval, Alitalia, on the brink of bankruptcy, has formally accepted a bid on the airline from Air France/KLM.
The bid implies wiriting down the stock of Alitalia to a record low, but also comples AF/KLM to lift Alitalia's record high debts.
Besides government approval, the deal also requires the Italian unions' accept, and both preconditions remain uncertain.
The bid implies wiriting down the stock of Alitalia to a record low, but also comples AF/KLM to lift Alitalia's record high debts.
Besides government approval, the deal also requires the Italian unions' accept, and both preconditions remain uncertain.