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Italy would like to clinch Alitalia deal before elections - minister
November 30, 2017 / 8:56 AM / 14 days ago

Italy would like to clinch Alitalia deal before elections - minister

ROME (Reuters) - Italy’s government would like to strike a deal on the sale of struggling carrier Alitalia before national elections due by May, but will not be pressured to do it at any cost, Industry Minister Carlo Calenda told RAI state radio on Thursday.

An airplane of Alitalia approaches to land at Fiumicino international airport in Rome, central Italy, May 3, 2017. REUTERS/Max Rossi

Alitalia, which has made a profit only a few times in its history, was put under special administration earlier this year after staff rejected a plan to cut jobs and salaries.

Germany’s Lufthansa (LHAG.DE), British low-cost carrier easyJet (EZJ.L) and U.S. private equity fund Cerberus are among companies that have expressed an interest in Alitalia.

The minister added that the negotiations with interested parties “need to be concluded either way, otherwise Alitalia cannot continue to operate”.

Reporting by Agnieszka Flak, editing by Steve Scherer

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