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 ...

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