MILAN (AFX) - Alitalia SpA's plan to acquire Italy's Volare airline as the group's low-cost arm has been blocked by a Rome court, said Radiocor news agency, citing a court judgement issued Jan 27.
Late Friday, Alitalia confirmed its 38 mln eur bid for Volare in an auction organised by Volare's administrator, saying Volare would fit with its business plan and support low-cost operations from Milan.
The judge 'forbids (Alitalia) from participating in the auction organised by the administrator' of Volare, said Radiocor citing the judgement. The court accepted a challenge from Italian rival AirOne to Alitalia's bidding in the auction, it said.