Talks about a takeover of Alitalia by Air France-KLM have been abandoned and the Italian airline's chairman Maurizio Prato has quit.

It followed the breakdown of discussions between Air France-KLM's chief executive Jean-Cyril Spinetta and Alitalia's unions.

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Earlier, Italian economy minister Tommaso Padoa-Schioppa warned that there were no other possible bidders.

(BBC)

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