March 19, 2008

According to several news sources, including CNN, Reuters and the Associated Press, the Italian government has approved a deal that would allow the country's embattled airline, Alitalia, to be bought out by rival carriers Air France-KLM for a fire-sale price of $183 million. Air France-KLM says it will not cement the deal, however, until it is approved by the airline's strike-prone union and Italy's next government, which will be determined by elections held in April.