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Fit Cisl contests Alitalia on Gandalf takeover

Rome, Italy - The bid was too high for a loss-making airline

Union Fit Cisl contests Alitalia’s takeover of bankrupt carrier Gandalf, for which the Italian flag airline offered EUR 7.1m during the auction held at Parma’s court-house, exceeding by far those of competitors (see AVIONEWS). According to the union, the bid - double than the surveyed value and the bids of other participants - was excessive for a loss-making company that loses EUR 50,000 each hou...

AVIONEWS - World Aeronautical Press Agency - 60922
Rome, Italy, 03/30/2004 13:26
AVIONEWS - World Aeronautical Press Agency

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