tourism-italia.com

I have just heard news that Alitalia is to be bought by Air France for the bargain basement price of 138m euros. Now is it just me or is that really cheap for a pretty big airline? I realise that Alitalia has been losing money for a long time but still, is it not worth more? And also how did the airline manage to accumulate such huge debts when the government owns 49.9% of the company? Anyway, hopefully the future of the airline has now been saved and will be able to run for years to come. But I wonder if Air France will continue to run Alitalia under its current name or if it will change it to something more French…..

Tags: acquisition, Air France, Alitalia, government