BREAKING NEWS
Dems snare 60 votes to move ahead on health care Soccer hair-pulling fuels debate over sport sexism Dems have 60 for health care; Lincoln a 'yes' Dems have 60 for health care; Lincoln a 'yes' Sen. Blanche Lincoln says she'll vote 'yes' on health care test vote, giving Democrats 60. Atlantis astronauts take 2nd spacewalk of mission Restored machine to explore mysteries of Big Bang Atheist student groups flower on college campuses A bad month in Afghanistan rippled across the US Hackers leak e-mails, stoke climate debate EPA: Uranium from polluted mine in Nev. wells Comparison of Democratic health care bills Pope in landmark meeting with artists in Sistine Chapel Swedish soprano Soderstrom dies 'Twilight' sequel breaks opening day record: report Mental health cases tax police, emergency workers More Americans expected to travel for Thanksgiving More Americans expected to travel for Thanksgiving 59 and counting: Health care bill nears test vote 59 and counting: Health care bill nears test vote
Ailing Alitalia says can only continue operations for short time
Alitalia's financial position is so weak it can only continue operations for a short time, the board of directors said Tuesday after a meeting on last week's collapse of takeover talks with Air France-KLM.
Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium
Alitalia had some 170 million euros (267 million dollars) at the end of March, the board said in a statement.
It said the airline "welcomed (Monday's) statement by Air France and the calling of a meeting between its unions and the government on Thursday."
On Monday, Air France-KLM said its offer for Alitalia was the only one capable of returning the struggling airline to profitable growth and it was now up to the unions and workers to decided what the next step was.
The talks broke down last week when Air France-KLM, whose offer initially entailed the loss of 2,100 jobs, and the unions failed to agree on a way forward.
Copyright AFP 2008, AFP stories and photos shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium
