Air Transport World

Alitalia.(EUROPE Report)

Alitalia has attracted the interest of Aeroflot, Italy's Ministry of Economy and Finance confirmed in early April. The Russian carrier will team up with Italian bank UniCredit, which will control 5% of the bidding group. The Moscow Times reported that Aeroflot's bid is worth up to [euro]700 million ($934.5 million).

Two other consortia still are showing interest in bidding for the flagging airline: AP Holding, the holding company of Air One Chairman and owner Carlo Toto, and a group comprising Mediobanca, Italy's largest investment bank, Texas Pacific Group and MatlinPatterson Global Advisers. …

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