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Italian elections

Alitalia on verge of bankruptcy as talks end

By Guy Dinmore in Rome

Published: April 2 2008 18:49 | Last updated: April 2 2008 23:21

Alitalia, the Italian airline, was Wednesday night left considering whether to start bankruptcy proceedings after Air France-KLM pulled out of takeover talks.

Maurizio Prato, Alitalia chairman, resigned after talks with trade unions broke down over proposed job cuts. “This airline is cursed. Only an exorcist can save it,” he was quoted as saying by a union official.

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