Alitalia auction on the brink as Air One pulls out
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Air One has pulled out of the bidding for Alitalia  citing impossible conditions, leaving Rome's plans to auction the loss-making carrier in tatters ahead of Monday's deadline for final offers.
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Alitalia SpA, Italy&#39;s largest airline, said it expects a loss this year of about 515 million euros ($642 million), in line with 2003.
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The price of shares in Italian airline Alitalia slumped by 3.42 percent to 0.192 euros in early trading in Milan, following a warning from the board that it faced a financial crisis.
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Alitalia's talks with unions look set to continue into the weekend, as management struggle to reach a deal with cabin crew.
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Italy has allowed U.S. private equity firm MatlinPatterson to re-enter the auction for national airline Alitalia  -- an apparent about-face amid fears that one of the two existing bidders may pull out.
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Alitalia will cancel nearly 400 flights Tuesday because of a planned eight-hour strike by Alitalia flight attendants and air traffic controllers, the struggling airline said. via MSN Money
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Italian airline Alitalia said Thursday that it would postpone until next Tuesday its decision on which buyer it prefers to take over the loss-making company.
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almost a quarter of its workforce - and split itself in two yesterday in last-ditch attempt to avoid bankruptcy. The struggling Italian airline met
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Five companies were picked by the government as finalists in the bidding for its stake in Alitalia, the ailing state-controlled carrier. The bidders include the Texas Pacific Group, the private equity firm; UniCredit, the bank; as well as financier Carlo De Benedettiâs Management and Capitali, MatlinPatterson Global Advisers; and Carlo Toto, owner of Italyâs No. 2 carrier, Air One, the finance ministry said. They have until mid-April to submit preliminary offers. Italy decided in December to sell its stake in the countryâs largest airline after the government abandoned turnaround efforts. Alitalia last reported a profit in 2002 and has forecast a loss in 2006.
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ROME: Italian airline Alitalia said yesterday that its first half loss was 620 million euros ($NZ1.14 billion), a higher-than-expected result owing to one-off expenses from a broad restructuring.
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Russian airline Aeroflot withdraws from the bidding for a substantial stake in Italian carrier Alitalia.
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Racing to avoid bankruptcy, Alitalia (AZPIa.MI: Quote, Profile, Research) struggled into the early hours of Thursday for a last-minute deal with its powerful unions to roll
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Business & money: Government criticised over handling of crisis as one of two remaining bidders threatened to pull out
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MILAN : Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.
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An offer by Irish airline Ryanair to begin operating out of Milan&#39;s Malpensa airport in place of Italian carrier Alitalia will be &quot;considered&quot;, Italy&#39;s transport minister said Saturday.
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The Italian government said Wednesday it would decide by mid-January which of two contenders should take over Italy's ailing flag carrier Alitalia -- European giant Air France-KLM or Italy's Air One.
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A total of 18 medium-haul flights by troubled Italian airline Alitalia out of Milan&#39;s Malpensa airport were cancelled Saturday as pilots staged a work-to-rule protest.