Alitalia

The U.S. Department of Transportation (DOT) has granted antitrust immunity to a trans-Atlantic joint venture that comprises Air France-KLM, Delta Air Lines Inc. (NYSE: DAL) and Virgin Atlantic while blocking financially struggling Alitalia from the pact. Cutting Alitalia from the joint venture is a...

The Italian government is risking the wrath of the European Commission (EC) in agreeing to provide a €400 million ($440 million) bridge loan to struggling Alitalia after the airline failed to reach a bailout agreement with two potential investors by a Nov. 21 deadline. EC officials are in close...

With the Nov. 21 deadline passed for a binding offer to rescue financially ailing Alitalia, another member of the consortium formed to bail out the carrier has balked at the failure of the Italian government and proposed investors to come to terms on a deal.  Italian state-owned railway group...

Italian holding company Atlantia has walked away from taking part in a €1 billion ($1.1 billion) plan to rescue financially ailing flag carrier Alitalia. Atlantia had been linked to a €300 million investment in Alitalia in return for a 30% stake. Active in the infrastructure sector, including...

When it comes to new airplane deals, there are exactly two titans – Boeing (NYSE: BA) and Airbus (OTC: EADSY). As of the end of the first quarter, Boeing jumped ahead of Airbus, a position it definitely wants to maintain. The change of position resulted from cancellations of Airbus orders and...