Aeroflot ruled out buying or aiding Alitalia.


New York (AirGuideBusiness - Business & Industry Features) - Fri, Nov 15, 2013

Aeroflot ruled out buying or aiding Alitalia, which is seeking a cash injection to keep flying. "Aeroflot does not plan to buy Alitalia, nor will it participate in any way in its financing," a representative of the Russian flag carrier told Reuters news agency on Nov. 15. Alitalia's biggest shareholder, Air France-KLM, on Thursday rejected a plea for cash to rescue Alitalia, saying a new business plan would be insufficient without a write-off of some of its debt. Alitalia, which was privatized in 2008, has been unprofitable for more than a decade and has been stuck in a months-long tussle with Air France-KLM over whether to keep their strategic and financial partnership alive. Aeroflot has repeatedly been named by Italian officials as a potential backer of Alitalia, but has never publicly...

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