Wednesday, March 7, 2012

Alitalia holds emergency board meeting after Air France quits talks; workers protest outside

Loss-making Alitalia edged closer to bankruptcy protection on Thursday after Air France-KLM abruptly broke off talks to buy the struggling national airline and Alitalia's chairman of seven months resigned in frustration.

The Alitalia board convened an emergency meeting at its headquarters, where about 300 Alitalia workers gathered outside chanting "We want Air France" and demanding the return of chairman Maurizio Prato.

The government, meanwhile, said it would try to determine whether there was still a chance to coax Air France-KLM and unions back to the bargaining table. Barring that, analysts said bankruptcy protection appeared the most likely …

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