Alitalia board adjourns talks on fate to next week

(Reuters) - Alitalia, which the Rome government has warned could be shut down unless a buyer is found, set a board meeting for July 27 to finish talks it began over an industrial plan to guide the ailing airline in coming months.




Sources familiar with the matter have said the airline is working on a contingency plan for the next year focused on redesigning its network and curtailing losses.


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UPDATE 1-Aeroflot to pull out of Alitalia bidding - I'fax

(Reuters) - "The decision in principle has already been taken. The chief
executive of Aeroflot will inform Italy's Finance Ministry about
the Russian carrier's withdrawal from the acquisition of the
state-held shares in Alitalia," the source said.




An Aeroflot spokeswoman, however, told Italy's ANSA news
agency that the Russian airline is going ahead with its offer
for Alitalia and that its director general presented a report on
the subject to the carrier's new board elected on Saturday.


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Aeroflot to pull out of Alitalia bidding - I'fax

(Reuters) - Aeroflot has already denied one report by Interfax that it
had pulled out of the bidding for the Italian government's 49.9
percent stake but its lukewarm enthusiasm has added to
investors' fears that the sale could collapse.




Aeroflot, which is backed by Italian bank UniCredit
, has expressed concern about the price tag and about
Alitalia's finances, while a 30 percent shareholder in the
Russian firm has said he is "negative" about the deal.


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