Alitalia's new owner will have to spend €3 billion ($4.03 billion) in order to revive the foundering airline, Italian Transport Minister Alessandro Bianchi said in a television interview cited by widespread press reports. Half that total would be required to buy AZ and the other half to get it running, he said. Remaining bidders are a consortium led by Texas Pacific Group and MatlinPatterson, a partnership between Air One holding company AP Holding and Intesa Sanpaolo and a recently ...

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