euronews24 (Free subscription) | yesterday
ROME – Around 100 employees of Alitalia's creditors protested Friday at Fiumicino airport in Rome over the Italian flag carrier's unpaid debts, Telenews agency reported. Calling themselves the "silent victims" of the failing airline, they ho
euronews24 (Free subscription) | 20/11/2008
ROME – Alitalia's administrator formally agreed Thursday to sell part of the bankrupt airline's assets to a group of Italian investors in a deal worth more than euro1 billion $1.25 billion. Augusto Fantozzi said at a news conference he had acc
euronews24 (Free subscription) | 20/11/2008
Rome, November 20 - The decision on who will be the foreign partner of Italy's future national carrier will be exclusively made by the company buying Alitalia's flight division without government interference, Industry Minister Claudio Scajola vowed
Business Daily Reviews (Free subscription) | 19/11/2008
The Italian government agrees to sell the bankrupt airline Alitalia to a business consortium, paving the way for a relaunch. Source
Law Blog - WSJ.com (Free subscription) | yesterday
ROME -- Alitalia SpA expects to close 2008 with an operating loss of more than €1 billion ($1.25 billion), the company said Thursday, just a day after Italy's government agreed to sell the carrier to a group of investors seeking to relaunch it.
Reuters UK (Free subscription) | yesterday
ROME (Reuters) - Italian airline Alitalia will lose $1.25 billion in 2008 but a pending takeover by a group of Italian businessmen could revive its fortunes, the administrator overseeing its bankruptcy said as he signed off on the deal.
euronews24 (Free subscription) | 20/11/2008
The Italian government has agreed to sell the bankrupt airline Alitalia to a business consortium. The move paves the way for the re-launch of the troubled carrier after a two-year hunt for a buyer. The Italian group, Cai, is paying 1.05bn euros (£
The Washington Times (Free subscription) | 20/11/2008
Alitalia's administrator says he has formally agreed to sell part of the bankrupt airline's assets to a group of Italian investors in a deal worth more than 1 billion euros ($1.25 billion).
Globe and Mail (Free subscription) | 20/11/2008
Alitalia-Linee Aeree Italiane SpA won government approval for the airline's bankruptcy administrator to sell the carrier's main assets to Italian investor group CAI SpA, paving the way for the entry of Air France-KLM Group or Deutsche Lufthansa AG. Industry Minister Claudio Scajola authorized the sale of assets yesterday, the minister's office said. CAI raised its offer to €1.052-billion ($1.65-billion)...
euronews24 (Free subscription) | 20/11/2008
ROME – The Italian government has approved an offer from a group of investors to buy the assets of the bankrupt Alitalia airline after getting them to raise the bid to at least euro1.052 billion $1.33 billion. The approval, announced Wednesday
Times of the Internet (Free subscription) | 20/11/2008
ROME, Nov. 19 (UPI) -- Alitalia's administrator said one hurdle remained before the sale of the Italian airline's flight operations to an Italian investment group is completed. The deal requires a green light from the Industry Ministry. Once that is done, government-appointed administrator Augusto Fantozzi said he will accept the offer from Compagnia Aerea Italiana, ANSA reported Thursday....
euronews24 (Free subscription) | 19/11/2008
Rome, November 19 - The sale of Alitalia's flight division is in the final stages and now needs only a green light from Industry Minister Claudio Scajola, the national carrier's government-appointed administrator Augusto Fantozzi said on Wednesday.
asap news (Free subscription) | yesterday
... statement. “CAI can now proceed in choosing a foreign partner that will strengthen the presence of Alitalia in the global market.” The impending deal with CAI has been strongly opposed by the main unions that represent Alitalia’s flight attendants and pilots, due to conditions in the contracts that are offered as part of the agreement. There has been no further comment on the deal...
kansascity.com (Free subscription) | 20/11/2008
Alitalia's administrator says he has formally agreed to sell part of the bankrupt airline's assets to a group of Italian investors in a deal worth more than 1 billion euros ($1.25 billion).
Star Tribune (Free subscription) | 20/11/2008
The group of Italian investors will acquire Alitalia's profitable assets, including some of its planes and slots. The deal is worth 1.05 billion euros ($1.32 billion), with the investors taking on some 625 million euros ($783.8 million) in Alitalia debts and paying 427 million euros ($535.54 million) in cash.
