Aitalia runs out of runway as Air France backs off

[KeithMEL]

http://www.theaustralian.news.com.au...-23349,00.html

AIR France-KLM chief executive Jean-Cyril Spinetta has broken off talks to buy Alitalia after failing to reach an accord with labour unions, leaving the Italian carrier with few options for survival.

Alitalia, which has had losses of E1 million ($1.69 million) a day for more than a year, is short of cash.

Chairman Maurizio Prato had said a deal with Air France-KLM was the airline's last chance to return to financial health, and he resigned after Air France pulled out.

[Savage25]

This is not good news for a certain mistake fare

[LukeGT]

Savage.... we're talking about Az.... maybe they could survive for a looong time (unfortunately.... )

[jhm]

Savage.... we're talking about Az.... maybe they could survive for a looong time (unfortunately.... )

AZ with their cheap fares is good for (mad ) AF/KL FB segment runners like phaleesy!