Alitalia: Who Wants this Airline?
Italy's Alitalia may be tagged with the unflattering nickname "Always late in the air, late in arrival," but that hasn't dulled the appetite among buyers angling to take over the ailing national carrier. On Feb. 13 five bidders made the Italian treasury's short list to buy a controlling interest in the money-losing airline, including three Italian groups—a fund, a bank, and a private airline entrepreneur—and two top American private-equity funds.
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