All
 

 

Just in:  

You are here: Home»Business»Industries & Sectors»Air France-KLM denies Alitalia bailout talks

air PARIS: The Franco-Dutch airline Air France-KLM on Monday denied a newspaper report that it was concluding talks to buy out Italian investors in flagship carrier Alitalia.

 

"There have been no negotiations concerning the purchase of all or part of the shares held by Italian investors," said a company spokesman.

 

Air France chief Alexandre de Juniac added: "Air France and KLM have very limited means which do not permit us to make these operations."

 

Air France-KLM has held a 25 percent stake in Alitalia since 2009. It said last month that it did not plan to increase its equity in the airline.

 

Alitalia is once more on the verge of bankruptcy. It has two options: either being re-nationalised or ceded in a cut-rate deal to Air France-KLM, which in 2008 had offered 2.5 billion euros ($3.26 billion) for the troubled airline.

 

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln