Alitalia, described by Italian Prime Minister Silvio Berlusconi last week as being "on the edge of an abyss," yesterday gained new life when the airline's largest labor union reversed course and agreed to concessions contained in the rescue plan proposed by investment group CAI, which now may include Air France KLM. CAI, the group of Italian investors including Air One that last week withdrew a €1 billion ($1.46 billion) proposal to revive the failing carrier (ATWOnline, Sept. 25), ...

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