Italian government said Friday that it conditionally approved Alitalia's €38 million ($45.9 million) takeover of struggling Volare Airlines, according to press reports. Alitalia's bid had been challenged in court by domestic competitor Air One, which will continue to press its claims. The acquisition depends on Alitalia's keeping Volare's operations going for at least two years while maintaining year-end 2005 employment levels. If it fails to abide by these conditions or if Italy's ...

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