News Source: Channel NewsAsia
| 11 months ago
Air France-KLM will seal a deal to buy a stake in Italy's Alitalia next month, a source was quoted as saying on Wednesday, after the ailing airline was taken over by a group of Italian industry figures. "Barring any last-minute surprises, the...
News Source: Belleville News-Democrat
| 11 months ago
Alitalia on Wednesday completed the takeover of its smaller competitor Air One as part of a plan to relaunch Italy's bankrupt national carrier...Italian investors that has acquired the bulk of Alitalia's profitable assets to create a single,...
News Source: Ansa
| 11 months ago
An Italian investment company created to acquire Alitalia's flight operations formally changed its name on Tuesday to that of the bankrupt national carrier. Compagnia Aerea Italiana (CAI) bought Alitalia on December 12 and the former state airline's...