Aeroflot on Friday denied Italian media reports that it plans to drop out of the bidding for Alitalia (ATWOnline, May 31), while revealing that it is working with the EU on maintaining AZ's European traffic rights if its consortium beats out Air One and wins the privatization tender. "There is no hesitation to leave the bidding. There is no question of dropping out," Lev Koshliakov, an SU deputy DG, told Thomson Financial. He said Italian bank Unicredit, which only holds a 5% stake in the ...

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