Alitalia deal jeopardized by politics, dwindling cash

Article Abstract:

A potential deal between the Italian government and Air France KLM S.A. regarding the sale of Linee Aeree Italiane S.p.A. (Alitalia) may be doomed due to the political polarization the deal has generated. While some Italian politicians approve of selling Alitalia to Air France KLM, others want the carrier to remain in national hands. Alitalia's steadily decreasing cash reserves, along with Italy's elections in April, add time pressures to the deal.

France, Political aspects, Air France KLM S.A.

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Alitalia bid is lost in translation: 'cryptic' rules spur TPG to drop out; Air One gains edge

Article Abstract:

U.S. private equity firm TPG has withdrawn from the bidding for Italy's airline Alitalia S.p.A., increasing the probability that the country's second major carrier, Air One S.p.A., will succeed in its efforts to obtain the airline. TPG pulled out amid changes to privatization regulations.

Legal issues & crime, Government regulation (cont), Government regulation, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Legal/Government Regulation, Laws, regulations and rules, Privatization, Privatization (Business), TPG Ventures

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