Italy says Alitalia faces liquidation if not sold
20 July 2007Italian national carrier Alitalia will be shut down unless it finds a buyer, the government said, in an apparent warning to unions that played a central role in deterring suitors.
Italy scrapped its seven-month auction of the loss-making airline on Wednesday after the last bidders pulled out, and now faces dwindling options and growing political embarrassment over the sale’s failure.
source: Reuters
