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Stock Market & Financial Investment News

News Breaks
January 7, 2013
06:16 EDTAFLYYAir France-KLM says it's not buying Alitalia, Reuters reports
Air France-KLM (AFLYY) denied a report in Il Messaggero that it was in advanced talks to buy out Italian investors in Alitalia and take control of the airline, reports Reuters. The paper reported that Air France-KLM, which has held 25% of Alitalia since January 2009, would offer remaining shareholders a 20% premium on what they paid in 2008. Reference Link
News For AFLYY From The Last 14 Days
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August 21, 2015
06:03 EDTAFLYYAir France-KLM to grow French, Dutch budget carriers, WSJ reports
Air France-KLM is set to grow its existing French and Dutch budget carriers to counter rising low-cost competition in Europe, The Wall Street Journal reports, citing comments made in an interview by Air France-KLM's low-cost airline says Transavia's CEO, Matthijs ten Brink.Reference Link
August 16, 2015
12:48 EDTAFLYYIAG could rise 30% in 12 months, Barron's says
British Airways (BAIRY) parent IAG (ICAGY) is "the strongest of the major European airlines" and its London-based shares could gain 30% in the next 12 months, Barron's contends in a feature article. Note that IAG's American depositary receipts recently traded at $42.74. Barron's adds that Lufthansa (DLAKY) and Air France-KLM (AFLYY) are "struggling to implement restructuring plans," leaving IAG free to tighten its grip on the European market as its fuel hedges unwind. Reference Link

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