Alitalia revised the deadline for nonbinding offers to Dec. 6 after receiving an update from its adviser, Citigroup, on potential industrial and financial investors who may bid for a majority shareholding. Air One/Intesa Sanpaolo, Lufthansa and Air France KLM reportedly remain interested (ATWOnline, Nov. 21). "Adviser Citi stated that contacts and discussions with the subjects involved are still being pursued," the loss-making carrier said following a board meeting, adding that it will ...

Subscribe to Access this Entire Article

"Other News - 11/29/2007" 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?

Already registered? here.