The companies' reported merger discussions prompted two brokerages to downgrade the Franco-Dutch carrier
Could another major airline industry merger be taking shape -- this time in Europe? According to press reports Nov. 24, one of the items on the agenda in a meeting between Italian Prime Minister Romano Prodi and French President Jacques Chirac was a possible merger of Air France-KLM (AKH) and Italian state-controlled carrier Alitalia. But market watchers appeared to take a dim view of the prospects for such a deal.
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