Alitalia may be liquidated
Italy’s Economics Minister Tommaso Padoa-Schioppa warned Thursday that Alitalia may be liquidated if it cannot be sold.
His comments came as an auction to sell the national airline failed to secure a buyer.
Potential bidders have reportedly been resistant to restrictions that the Italian government wants to put on the sale to prevent layoffs among the 20,000 employees at Alitalia
Reports are that Italy’s Air One airline, and Air France-KLM are still front runners to acquire the company, though other firms, including Russia’s included Aeroflot and the private equity firm Texas Pacific Group also indicated interest earlier.
Alitalia may be liquidated
