Air France-KLM denies bidding for troubled Alitalia

phys.org | 1/13/2018 | Staff
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The Air France-KLM group on Saturday denied it had made an offer for ailing airline Alitalia, a day after Italy's industry minister listed it among three bidders.

Alitalia, struggling to compete with low-cost European rivals, went into administration last May at the request of its shareholders after staff rejected job and salary cuts as part of a two-billion-euro ($2.4 billion) rescue plan.

Air - Denies - Offer - Alitalia - Statement

"Air France-KLM denies making an offer to buy Alitalia," a statement said adding that the group "had not taken part in the process launched by Italian authorities."

On Friday,...
(Excerpt) Read more at: phys.org
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