Law360, New York (August 28, 2008, 12:00 AM ET) -- Italy reportedly suspended its competition laws Thursday to rescue troubled Alitalia Airlines SpA.
The Italian cabinet decided Thursday to suspend a law meant to prevent industrial concentration and extended a law that will give Alitalia protection from creditors while the assets of the airline are sold, the International Herald Tribune reported.
The moves allow for a merger between parts of Alitalia and Air One, a private Italian airline. The combined company would control up to 65 percent of the country’s airline industry and make up a...
Italy Makes Moves To Allow For Alitalia Survival
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