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Air Madrid confident in selling troubled airline

3 January 2007

The airline filed for bankruptcy last week after having abruptly suspended operations Dec 15, leaving thousands of flyers stranded.

The company and the airline’s unions have said they are ready to incorporate the business into another company immediately, even though it may have “another management policy,” the newspaper said.

Separately, the newspaper cited the same sources as saying they hope to postpone the demonstration planned for this Sunday by various groups of passengers affected by Air Madrid’s demise.
source: Sharewatch

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