Wednesday, June 27, 2007

Aeroflot Drops Alitalia Bid, Says It Was Denied `Critical' Information

(Bloomberg) -- OAO Aeroflot, eastern Europe's
largest airline, abandoned a bid for the Italian government's
stake in Alitalia SpA, saying it was denied ``critical
information'' about the company.

``Aeroflot and its advisers have not had access to
critical information with respect to the commercial and
operational aspects of Alitalia's business to confidently
formulate a well-supported business proposal to successfully
restructure Alitalia,'' the Moscow-based company said in an e-
mail today.


Read more at Bloomberg Emerging Markets News

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