(Reuters) - Italy scrapped its seven-month auction of the loss-making airline on Wednesday after the last bidders pulled out, and now faces dwindling options and growing political embarrassment over the sale's failure.
"Other than a sale, there is only liquidation," Economy Minister Tommaso Padoa-Schioppa told Italy's Corriere della Sera newspaper, "Making Alitalia attractive to an investor seems more difficult than we thought."
Read more at Reuters.com Business News
"Other than a sale, there is only liquidation," Economy Minister Tommaso Padoa-Schioppa told Italy's Corriere della Sera newspaper, "Making Alitalia attractive to an investor seems more difficult than we thought."
Read more at Reuters.com Business News
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