Sudden collapse of Alitalia would be a shock to Italy's economy - minister
ROME A sudden collapse of loss-making national airline Alitalia [CAITLA.UL] would be a great shock for Italy's economy, Industry Minister Carlo Calenda said on Sunday.
MUNICH Lufthansa (LHAG.DE) is confident a deal with its pilots on pay and pensions will be approved and implemented, thus reducing its costs, the carrier's chief executive said on Thursday.
The deal was announced on Wednesday and still requires some details to be negotiated, plus approval from union members.
"I am very convinced it will happen," Carsten Spohr told analysts. "If it does not come through, we would resume the idea of moving aircraft away from staff on collective labour agreement."
Lufthansa had previously said it would shift 40 planes away from its mainline brand in order to reduce costs, as it sought to offset increased pilot pay costs.
(Reporting by Victoria Bryan; Editing by Maria Sheahan)
NEW YORK Twenty-First Century Fox Inc is in talks with Blackstone Group LP about submitting an offer to buy Tribune Media Co , one of the largest U.S. television station operators, sources familiar with the matter said on Sunday.