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Italy economy minister backs Air France-KLM bid for Alitalia

Italy economy minister backs Air France-KLM bid for Alitalia

Italy's economy minister said Friday he was backing Air France-KLM as the preferred bidder for the government's stake in troubled national carrier Alitalia.
Tommaso Padoa-Schioppa, speaking after a Cabinet meeting, said the company would now begin eight weeks of exclusive negotiations with the Franco-Dutch airline. Alitalia shares were suspended from trading on the Milan stock exchange pending a statement.
(aad/ar)


Updated : 2021-04-20 09:13 GMT+08:00