Air France-KLM buys stake in Alitalia
ROME, Italy (CNN) -- The board of ailing Italian airline Alitalia has accepted an offer from Air France-KLM to buy 25 percent of the company and become its international partner, Alitalia announced Monday evening.
Air France-KLM, which will pay €323 million ($431 million), will be the biggest shareholder in Alitalia and will have three seats the 19-member board of directors, Alitalia said in a news conference in Rome.
Alitalia will keep its name, logo and uniforms. The airline will fly 22 fewer jets, but its 148-unit fleet will consist of younger planes, mostly from Airbus.
Passengers will be able to fly to 70 Alitalia destinations: 23 in Italy, 34 elsewhere in Europe and 13 on other continents. Continued
Air France-KLM, which will pay €323 million ($431 million), will be the biggest shareholder in Alitalia and will have three seats the 19-member board of directors, Alitalia said in a news conference in Rome.
Alitalia will keep its name, logo and uniforms. The airline will fly 22 fewer jets, but its 148-unit fleet will consist of younger planes, mostly from Airbus.
Passengers will be able to fly to 70 Alitalia destinations: 23 in Italy, 34 elsewhere in Europe and 13 on other continents. Continued
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