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Italy government pledges "active role" to revive talks on Alitalia
Published in Saudi Press Agency on 10 - 04 - 2008


Italy's outgoing government said Thursday it
will take an «active role» in trying to coax Air
France-KLM and Alitalia's unions back to the negotiating
table and revive the sale of Italy's failing national
carrier, according to AP.
After holding meetings with unions, the government said
more talks would take place next week. It reiterated in a
statement that a sale to Air France-KLM is the «only
concrete solution» to Alitalia's crisis.
Both unions and Air France-KLM have left the door open for
more talks, but with national elections looming Sunday and
Monday it is unlikely any decisive action would be taken
until after a new government is in place.
Air France-KLM broke off talks on its takeover offer last
week citing demands by unions. The offer, which values
Alitalia at ¤139 million ($216 million), is conditional on
approval by Alitalia's strike-prone unions.
Labor leaders have opposed plans to lay off more than
2,000 Alitalia employees, close the cargo unit and
downgrade Milan's Malpensa airport from a hub.
Analysts say that Alitalia, which has been losing ¤1
million (US$1.6 million) a day and selling assets to stay
afloat, could only keep operating until June on its own
resources.


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