Italy: the Italian government has given the go ahead for the privatisation of the ALITALIA airline in which it still has a 62% holding. The declared objective of this operation, which will reduce the Treasury's share to at least 51%, is to allow the Italian airline to take part in the merger between AIR FRANCE AND KLM. The sale will be finalised via a public tender or a mutually agreed sale, possibly in the shape of an exchange of shares. ALITATLIA has announced the loss of 2,700 jobs and...