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Aeroflot is considering to issue EUR 800-900 million in bonds to buy 39% of Alitalia

Moscow, Russia - For Aeroflot the 49% is not necessary

Russia's flagship air carrier Aeroflot said it was considering issuing EUR 800-900 million in bonds to buy a 39% stake in Italy's struggling national carrier Alitalia SpA from the country's government. Alitalia, established in 1947, has been fighting a losing battle against low-cost competition and rising fuel prices. Earlier Wednesday the airline announced that a special shareholders' meeting would...

AVIONEWS - World Aeronautical Press Agency - 1074434
Rome, Italy, 05/25/2007 12:37
AVIONEWS - World Aeronautical Press Agency

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