Italian flag-carrier Alitalia is considering taking a substantial stake in Air Malta. The Rome-based airline has signed a memorandum of understanding (MOU) with the Maltese carrier and the Mediterranean island’s government allowing it to undertake what is describes as “a comprehensive due diligence” process on Valletta-based Air Malta. Once due diligence has been completed, the two airlines’ boards will decide on whether to proceed with a share purchase. Both ...

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