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Alitalia, Lufthansa abandons: "Too expensive"

Rome, Italy - German carrier does not tender

Lufthansa renounced officially to compete for the acquisition of Alitalia. The confirm arrived today on behalf of Lufthansa spokesman, Klaus Walther. "Although the two brands would be a good combination", he said, "Lufthansa is not going to make bids for Alitalia". Costs would be too high, and so the acquisition plan proposed by Wolfgang Mayrhuber, Lufthansa CEO, was rejected by the Vigilance Council,...

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