Air France Lands KLM, Alitalia Left To Grapple With
Bankruptcy
Air France and Holland's KLM Airlines completed their merger
Monday night, making the new airline the third biggest in the world
-- behind American and United.
The deal, reportedly worth $1.03 billion, did not include Alitalia,
the Italian carrier that had hoped to be part of the final package.
Now, Italian officials are scrambling for a way to bail out the
troubled airline, hoping that Alitalia can reach a restructuring
deal with its unions.