European airline bidding war prepares for take-off

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When OAO Aeroflot announced a bid for Alitalia, it could have been an April Fool's joke that came a ...

When OAO Aeroflot announced a bid for Alitalia, it could have been an April Fool's joke that came a day too late, like many of the planes operated by both airlines. It turns out that Russia's largest carrier is serious about joining UniCredit in taking control of the Italian airline that remains one of the biggest in Europe. Suddenly, Europe's transport industry is buzzing with deals. The region's traditional network of flag carriers has already been ripped up by the budget airlines. Now it looks like it is being blown apart by a new wave of owners - and this time they are most likely to ...

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