The Italian government yesterday met with CAI executives for the third time in two days, raising speculation that the investor group might revive its bid for Alitalia. Civil aviation authority ENAC warned this week that it might revoke or suspend AZ's operating license if the carrier's administrator, Augusto Fantozzi, does not present a credible rescue plan by today (ATWOnline, Sept. 23). Fantozzi indicated yesterday that he is "reasonably optimistic" an agreement between CAI and Alitalia's ...

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