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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Air France-KLM    AF   FR0000031122

AIR FRANCE-KLM (AF)
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Italy's 5-Star, League plan to halt sale of Alitalia - League economics chief

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05/17/2018 | 05:05pm CEST
Alitalia's logo is seen on top of the headquarters at Fiumicino international airport in Rome

ROME (Reuters) - The anti-establishment 5-Star Movement and the far-right League plan to halt the sale of Italy's insolvent national airline Alitalia, the League's economics chief Claudio Borghi said on Thursday.

A draft obtained by Reuters of the two parties' joint programme intended to be the basis of a coalition government said Alitalia needs to be "relaunched" and that Italy must maintain a "competitive national carrier."

Asked by Reuters if this meant that the parties' plan was that Alitalia should no longer be sold, Borghi replied: "Yes."

The former centre-left government has been seeking a buyer for Alitalia for the last year, but the sale process was delayed as a result of uncertainty over the March 4 election, which ended in a hung parliament.

(Reporting By Gavin Jones; editing by Steve Scherer)

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Financials (€)
Sales 2018 26 328 M
EBIT 2018 1 240 M
Net income 2018 713 M
Debt 2018 2 386 M
Yield 2018 1,17%
P/E ratio 2018 4,89
P/E ratio 2019 4,08
EV / Sales 2018 0,21x
EV / Sales 2019 0,18x
Capitalization 3 097 M
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Air France-KLM Technical Analysis Chart | AF | FR0000031122 | 4-Traders
Technical analysis trends AIR FRANCE-KLM
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Mean consensus HOLD
Number of Analysts 22
Average target price 9,52 €
Spread / Average Target 32%
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Managers
NameTitle
Frédéric Gagey Chief Executive & Financial Officer
Anne-Marie Couderc Non-Executive Chairman
Jean-Christophe Lalanne Executive Vice President-Information Technology
Maryse Aulagnon Independent Director
Jean-Dominique Comolli Director
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