French newspaper La Tribune reports that Air France KLM intends to buy Alitalia next year in a share swap transaction. However, the airline group’s poor results (see top) shows a dire need for Air France-KLM to return to profitability to boost its share price before such a deal can take place. The airline group already owns 25% of the Italian flag carrier and it has an option to buy more shares from 2013. Jean-Cyril Spinetta, chairman of Air France-KLM is also a board member of Alitalia and is reported to be pushing to take full control. Alitalia however may not

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