Alitalia board picks Air France to buy airline
24 December 2007The board of Alitalia chose Air France-KLM as its preferred buyer on Friday, saying the French-Dutch carrier was a better match than a small Italian airline favored by the unions.
Its unanimous decision on Air France-KLM’s non-binding offer must still be approved by the government, which holds a 49.9 percent stake in the money-losing flagship airline and might face pressure against letting it pass into foreign hands.
source: Reuters
