Italy's Treasury Dept. yesterday cleared all three bidders for Alitalia to remain in the running. They will have access to Alitalia's financial books on May 24 and be able to submit binding bids at the end of June for the troubled airline. Remaining bidders are a consortium led by Texas Pacific Group and MatlinPatterson, a partnership between Air One parent AP Holding and Intesa Sanpaolo, and a recently formed tie-up between Aeroflot and UniCredit
Subscribe to Access this Entire Article
"All three Alitalia bidders alive; final bids to be submitted in late June" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.