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Air France KLM to hold 25% of new Alitalia, which launches today
As was widely expected, Air France KLM will become the relaunched Alitalia's international partner and will take a 25% stake in the restructured carrier through a capital increase of approximately €323 million ($435.1 million).
The decision ends months of speculation and uncertainty and came on the last day of the flag carrier's operation as the "old" Alitalia. The AF KLM board approved the investment Friday (ATWOnline, Jan. 9).