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Prodi, Chirac to discuss Alitalia, Air France alliance
 

Courtesy:  People's Daily Online
 

Italian Prime Minister Romano Prodi and French President Jacques Chirac are expected to discuss the possibility of an alliance between Alitalia and Air France airlines at Friday's meeting, sources said in Rome on Wednesday. Sources said Alitalia "is a question which is very dear to Prodi's heart" and the possibility of an alliance with Air France will be one of the topics on the agenda of the talks with President Chirac.

Air France has been on the short list of possible partners for the troubled Italian carrier and already holds a 2 percent stake in Alitalia. Last year, the French airline shelled out 20 million euros to take part in the Italian carrier's rights issue in order to maintain its quota.

The two airlines are cooperating in the Sky Team alliance of nine airlines which includes Delta, Northwest and Continental of the United States, AeroMexico, Korean Air, CSA Czech Airlines and KLM Royal Dutch airlines, which is merging with Air France to create Europe's biggest carrier.

Alitalia last week reported fresh losses of 65.8 million euros in the third quarter compared with a 15.7 million euro profit a year earlier. The Italian carrier, which has not reported an annual profit since 2002, warned that total losses for the year would exceed its 2005 losses of more than 221 million euros.

Source: Xinhua

 

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