Alitalia will sell to anyone to save the airline
25 July 2007
Italy is happy to sell Alitalia to anyone willing to turn the loss-making national airline around -- no matter where the new owners come from, an Italian minister said.
Embarrassed by the collapse of Alitalia's auction last week when the last bidders pulled out, Rome is now scrambling for new options to sell the airline and prevent it from being shut down.
"If they can make it work, we welcome even Eskimos or the Chinese," said European Affairs Minister Emma Bonino said at a news conference. "That would be satisfying from the point of view of Italian consumers."
Several bidders in the seven month auction had pulled out citing restrictive terms imposed by Rome on the sale -- which include maintaining the "Italianness" of the airline. The final contenders included Russia's Aeroflot and a US private equity group.
Another Italian minister last week compared Alitalia to a diseased limb and suggested selling it off for one euro to anyone willing to take it off Rome's hands or letting it go bankrupt.