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Alitalia accepts Air France offer
News Type: Event — Seeded on Sun Mar 16, 2008 6:29 AM EDT
Article Source: BBC Newsadvertisement
Troubled Italian carrier Alitalia has agreed to be bought by rival Air France for a cut-price 138m euros(£106m:$215m) in a move to save the state airline.
The Italian government, which holds 49.9% of Alitalia, failed to sell the company by auction in 2007.
Alitalia will maintain its national identity within the Air France-KLM group after the takeover, which could be completed by mid-2008.
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