Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Alitalia hopes to merge with Air France: report

Share this article

Alitalia hopes to merge with Air France: report
Leandro Ciuffo
09:37 CET+01:00

An Italian newspaper reported at the weekend that national carrier Alitalia is in merger talks with Air France-KLM.

 

"Alitalia's mission to Paris for a marriage with Air France," said the headline of Il Messaggero on Saturday.

The report said senior managers had met Air France chief executive Jean-Cyril Spinetta in Paris on Friday. 

The delegation reportedly included Gaetano Micciche, head of corporate and investment banking at Intesa Sanpaolo, who led the deal that saved Alitalia from bankruptcy in 2008.

The airline has been struggling during the economic downturn and, according to Il Messaggero, will report losses of €60-70 million in 2011 ($78-91 million).

A meeting of the Alitalia board is scheduled for Tuesday. Air France-KLM already owns 25 percent of Alitalia shares.

twitter.com/matthew_warren

 

Get notified about breaking news on The Local

Share this article

Become a Member or sign-in to leave a comment.
Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement