Alitalia investor group buys Air One
(Source : Reuters, December 11, 2008)
Alitalia's smaller rival Air One agreed on Thursday to sell its operations to the consortium buying Italy's flagship carrier, moving the CAI investor group another step closer to its acquisition of Alitalia. Air One said its pres, Carlo Toto, had signed an agreement with CAI CE Rocco Sabelli to sell Air One and various subsidiaries to CAI, in line with an accord set in August. Closing will take place by the end of the year. The process of integrating Alitalia and Air One to create 'the new flagship carrier' will begin from January 13, the Air One statement said.