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Alitalia in fly-or-die decision Alitalia in fly-or-die decision
(30 minutes later)
The board of the Italian airline Alitalia is meeting to decide whether to seek protection from its creditors.The board of the Italian airline Alitalia is meeting to decide whether to seek protection from its creditors.
A takeover by Air France-KLM broke down last week when Alitalia's unions could not reach agreement on the deal.A takeover by Air France-KLM broke down last week when Alitalia's unions could not reach agreement on the deal.
Air France-KLM's board has approved the decision to break off talks, but has asked the unions to reconsider.Air France-KLM's board has approved the decision to break off talks, but has asked the unions to reconsider.
The unions have said they are willing to re-open talks, but Italy's economics minister warned that they will need to make significant concessions.The unions have said they are willing to re-open talks, but Italy's economics minister warned that they will need to make significant concessions.
Elections due
Sources quoted by the Reuters agency have said that Alitalia has cancelled a meeting it was planning to hold with unions on Wednesday.
The government had previously warned that the only alternative to the Air France-KLM offer would be taking the airline into emergency administration.The government had previously warned that the only alternative to the Air France-KLM offer would be taking the airline into emergency administration.
But the government could be about to change, with parliamentary elections due to begin on 13 April.But the government could be about to change, with parliamentary elections due to begin on 13 April.
Silvio Berlusconi, who is currently leading in opinion polls, has said he would veto a deal with Air France-KLM and has called for Italian businessmen to come up with an alternative.Silvio Berlusconi, who is currently leading in opinion polls, has said he would veto a deal with Air France-KLM and has called for Italian businessmen to come up with an alternative.