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An Italian investors’ group has said it will go ahead with a rescue offer for the airline Alitalia, despite the lack of agreement with some trade unions.
The group, the Cai, said it had made a binding offer - shortly after walking out of negotiations over the airline.
Talks had earlier broken down because only four out [...]

MILAN (Reuters) - The European Commission will approve an Italian investor group’s takeover plan for struggling airline Alitalia (AZPIa.MI: Quote, Profile, Research, Stock Buzz) but not a 300 million euro ($386 million) state loan, la Repubblica newspaper said on Thursday.
The Commission is expected to approve in mid-November the proposal submitted by the CAI consortium but [...]

Alitalia is in danger of losing its licence to fly if it fails to present a rescue plan by the end of the day.
Italy’s civil aviation authority ENAC has threatened to withdraw the firm’s operating licence on Thursday if it fails to submit a new plan.
Premier Silvio Berlusconi has summoned the airline’s unions to a [...]

ROME (Reuters) - Alitalia (AZPIa.MI: Quote, Profile, Research, Stock Buzz) sought bankruptcy protection on Friday after nearly two years of hunting for a buyer, paving the way for its rescue by a group of Italian investors in a coup for Prime Minister Silvio Berlusconi.
The long-awaited move by the national airline after 61 years of flying [...]

Italy’s next Prime Minister Silvio Berlusconi has said that an emergency loan to Alitalia makes it more likely that the problem airline will be saved.
Mr Berlusconi, who is due to take office in about a month, said a group of firms and banks were now expected to put together a rescue package.
However, Mr Berlusconi failed [...]

Alitalia’s future is under fresh threat after Air France KLM said it would walk away from its proposed takeover bid.
Air France suspended talks with the troubled Italian carrier last month after it failed to get the necessary backing from unions for its proposals.
It has now dropped out altogether, saying the contractual basis for its initial [...]

Troubled Italian carrier Alitalia has agreed to be bought by rival Air France for a cut-price 138m euros(£106m:$215m) in a move to save the state airline.
The Italian government, which holds 49.9% of Alitalia, failed to sell the company by auction in 2007.
Alitalia has lost money for five years, and has struggled to clinch a buyout.
Air [...]