Oh wow is me - the auction for Alitalia has now officially collapsed. AirOne and its bidding group have officially withdrawn so now there are no bidders.
There are some good lessons to be learned here.
1. The world is not Italy
2. Listen up Iberia board... dont make the same mistakes
Seriously though - this should be taken as an opportunity for the Prodi government to go back to the drawing board and re-cast the bidding in a transparent manner.
Oh yes and do remember our favorite bete noir is lurking in the wings with a suit against the EC for their previous do nothing approach to state aid to Alitalia (and others). So lets be clear. If the Prodi administration has to invest any more cash into Alitalia - then there is going to be a nasty fight. Mr O'Leary will force the EC to take a hard line on this subject or risk being taken to court in an embarassing result of having to claim the money back.
Is anyone paying attention in Athens?
Doesn't anyone in Rome remember Swissair and Sabena?
This one is going to run for a while yet
Cheers
Timothy
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