Air France-KLM denies bidding for troubled Alitalia - News Summed Up

Air France-KLM denies bidding for troubled Alitalia


The Air France-KLM group on Saturday denied it had made an offer for ailing airline Alitalia, a day after Italy’s industry minister listed it among three bidders. Alitalia, struggling to compete with low-cost European rivals, went into administration last May at the request of its shareholders after staff rejected job and salary cuts as part of a two-billion-euro ($2.4 billion) rescue plan. “The presence of Air France is not sure and I will verify on Monday with the Alitalia administrators,” Calenda however said. According to local media reports, Lufthansa wants to lay off 2,000 employees — almost a quarter of the total on the aviation side — if its offer for Alitalia is accepted. Alitalia has 11,500 workers in total.


Source: Punch January 13, 2018 12:33 UTC


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