Money Talks: Alitalia’s continuing bankruptcy problem
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Money Talks: Cerberus propose to take over Italy’s Alitalia
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Money Talks: European airlines keep going bust
Alitalia is the flag carrier of Italy with its head office in Fiumicino. After their employee rejected job-cuts proposal aimed at reducing costs, the airline announced that it will start going through a bankruptcy process. Ryanair expressed interest in Alitalia but dropped its bid after the chaos caused by Ryanair's cancellation of flights.