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Alitalia buyers must make guarantee

31 December 2006

Potential buyers for Alitalia must guarantee the airline’s 18,000 jobs, national routes and the Italian identity of the Alitalia brand, the Economy Ministry said Friday.

The ministry, in a document published on its Web site, said expressions of interest for its stake in the struggling flag carrier must be presented by Jan. 29. Buyers must have minimum capital of 100 million euros ($131.73 million).

The government is seeking an investor or group of investors to buy at least a 30.1 percent stake in the airline as it sells down its 49.9 percent share.

source: Courier Post online

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