Financial Times FT.com

Italian consortium purchases Alitalia

By Guy Dinmore in Rome

Published: December 12 2008 18:13 | Last updated: December 12 2008 18:13

After a decade of losses and accumulating several billion euros in debts and state aid, Italy’s state-controlled Alitalia was sold Friday to a consortium of 21 Italian investors.

They hope quickly to sell a minority stake in the airline to Air France-KLM or Lufthansa.

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