Compagnia Aerea Italiana, a group of 16 Italian investors, submitted a "preliminary offer" to buy a large part of Alitalia, the carrier confirmed yesterday. AZ entered bankruptcy protection last week. Its Extraordinary Administrator, Augusto Fantozzi, said the "confidential" offer for "the purchase of business assets forming a significant part of the activities" of the company "seems" to meet the requirements established by Italy's recently amended bankruptcy law. Fantozzi wrote that he ...

Subscribe to Access this Entire Article

"Printer-friendly" 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? ATWPlus@penton.com.

Already registered? here.