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Air France-KLM Pulls Offer for Alitalia

Berlusconi scrambles as bankruptcy looms for Italian carrier

By Jason Farago, Newser Staff

Posted Apr 22, 2008 6:37 AM CDT

(Newser) – Air France-KLM has withdrawn its offer to buy Alitalia, leaving the cash-poor Italian carrier with few options. In a tersely worded statement, the world's largest airline said its Alitalia overture—which had been opposed by Alitalia's unions—was "no longer valid." With no... Read full story »

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airline industry • Italy • mergers and acquisitions • Silvio Berlusconi • Alitalia • Air France KLM Group • Air France

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Air France-KLM Pulls Offer for Alitalia

Berlusconi scrambles as bankruptcy looms for Italian carrier

airline industry • Italy • mergers and acquisitions • Silvio Berlusconi • Alitalia • Air France KLM Group • Air France

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