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Much of Alitalia’s, the Italian flag carrier’s, 20th-century art collection of Alitalia SpA was sold at auction for Euros 1.2 million ($1.8 million) last week. The painting, “Zeus Gave Birth to the Sun” by Gino Severini, pictured above, did not go at auction. It was expected to fetch around half-a-million euros and was ordered by the Italian government as part of the Alitalia bankruptcy proceedings.
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Italy’s former flag carrier, once controlled by the government is flying again as a private carrier. But its problems seem remarkably similar to the old Alitalia.
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By the time you read this, Alitalia may be gone. Italy’s deeply troubled airline was on the verge of liquidation this morning, according to reports. Will anyone miss it? Probably not.
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A CEO it appears. Roberto Colaninno, chairman and CEO of the Piaggio motorcycle company, heads CAI and is expected to become chairman of the new Alitalia. Now in the Humpty-Dumpty world of this Italian flag carrier, the reconstruction of Alitalia which just fell off the wall will be fascinating.
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Italy’s new prime minister is trying to restart the Alitalia merger talks with competition from Aeroflot for the Air France/KLM team.
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When Allison Fagerness’ flight to Rome is canceled, she’s forced to call off her vacation and return home to Minneapolis. Her online travel agent, Expedia, promises a refund, but her airline, Alitalia, won’t pay. What should she do?
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The take-over bid by Air France-KLM for struggling (to put it mildly) Alitalia crash landed once the Italian unions entered the fray.
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