In anticipation of the decision of the Alitalia board expected today on the bidder with which AZ will enter exclusive talks for sale of the government's 49.9% stake, Air France KLM and Air One each outlined their plans for the loss-making flag carrier. AF KLM's nonbinding offer includes purchase of 100% of the shares of AZ through an exchange offer and 100% of its convertible bonds--although it failed to mention its share price offer--in addition to an immediate injection of "at least" ...

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