Alitalia narrows loss as it nears ownership change

Article Abstract:

First-quarter net loss for Alitalia Linee Aeree Italiane S.p.A. narrowed to $180.3 mil compared to last year, and revenue increased 7.3%. Two consortia remain in a bid to acquire the airline: Russia's OAO Aeroflot-Airlines and Italian bank UniCredit S.p.A., and Italy's second top airline, Air One, and Italian bank Intesa Sanpaolo S.p.A.

Commercial Banks, Sales, profits & dividends, Banking industry, Russia, Company sales and earnings, Company earnings/profit, Unicredito Italiano S.p.A., Aeroflot Russian Airlines, Financial report, Intesa Bank, Air One Inc.

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Potential bidders for Alitalia hear Rome's advice

Article Abstract:

The Italian government has estimated that it will take approximately $4.03 bil to acquire the airline Alitalia S.p.A. and make it profitable again. Potential bidders include the private equity consortium TPG Capital LLP and OAO Aeroflot-Russian Airlines.

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