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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 from the ministry.
Air France-KLM, the world's largest carrier by revenue, was seen as a top contender for the Italian airline, which has been losing money for years. Last week, the board of Alitalia also chose Air France-KLM.
"We are convinced that the indication given by Alitalia's board is the right one," Padoa-Schioppa said.
(ar)


Updated : 2021-06-19 12:41 GMT+08:00