| |||||||||||||||||||||||
| |||||||||||||||||||||||
 Two of Europe's biggest airlines are competing to buy minority stakes in Alitalia-Linee Aeree Italiane SpA, as a planned relaunch of the near-bankrupt carrier edges closer. Alitalia held a board of directors meeting Friday to approve first-half results and formalise a request to seek bankruptcy protection.
As part of the board's reorganization and approval to file for bankruptcy protection only the airline's loss-making units will be left under bankruptcy
protection and the rest will be acquired by a holding
company composed of 16 Italian investors, according to the The Guardian.
Executives from Air France-KLM spoke with bankers at Alitalia adviser Intesa Sanpaolo SpA to discuss the investment, which would underpin a commercial partnership. Lufthansa has not confirmed its interest in Alitalia, though Italy's Transport and Public Works Minister Altero Matteoli said earlier this week that the airline could invest alongside 15 Italian businessmen who are putting up €1 billion ($1.47 billion) to finance the carrier. See the full story on TheDeal.com. - Paul Whitfield Also See: TheDeal.com's: European airlines weigh mergers TheDeal.com's: Alitalia postpones board meeting TheDeal.com's: EC opens Alitalia probe Categories Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| |||||||||||||||||||||||
|
|
|
|
|
©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.
