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AP Holding withdraws from Alitalia privatization tender

Rome, Italy - The terms of the stake sale do not allow the development of the entrepreneurial project

After studying the terms of the stake sale, AP Holding will not present a binding offer to the government on July 23, the deadline to make a bid. The conditions imposed by the government do not enable it to achieve a sound relaunch plan for the troubled state-controlled airline, AP Holding said. In these seven months, AP Holding realized a strategic plan for Alitalia, with the support of prime advisors,...

AVIONEWS - World Aeronautical Press Agency - 1077034

AVIONEWS - World Aeronautical Press Agency
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