The Air France-KLM board yesterday “confirmed and approved”

CEO Jean-Cyril Spinetta’s decision to terminate the negotiations over the takeover of Alitalia, after he failed to reach an agreement with the Italian airline’s trade unions. In a statement, the board reiterated that Air France-KLM considers that its takeover project –approved by the Italian government- is “the only one that can get Alitalia back on the road to profitable growth rapidly”. Hence, it is excluded that the French-Dutch carrier reopens negotiations with the Italian unions. Though internal sources assert that the Alitalia case is over for good, the board hinted at a slight chance that the offer could be revived if the unions accepted Air France-KLM’s final terms. Les Echos