Outgoing Italian government yesterday approved a €300 million ($475.7 million) loan to Alitalia that may prevent the cash-strapped airline from going bankrupt before newly elected Prime Minister Silvio Berlusconi finds new investors. Air France-KLM formally withdrew its offer to acquire AZ late Monday, saying, "The conditions precedent that had to be satisfied prior to launching were not fulfilled." Berlusconi was attempting to find additional investors in an effort to mitigate ...

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