(Corrects spelling of “reporters” in second paragraph)
FLORENCE, Italy, Dec 10 (Reuters) - Selling loss-making Italian carrier Alitalia AZPIa.MI to Air France-KLM (AIRF.PA) would be like discarding it, Corrado Passera, chief executive of rival bid partner Intesa Sanpaolo (ISP.MI), said on Monday.
“Air France’s bid would make Alitalia a unit within a rival group,” Passera told reporters on the sideline of an event.
“It would be like giving up, like saying: we have mismanaged it for many years and now let’s throw it away.”
Bank Intesa Sanpaolo has joined small Italian airline Air One in a bid for Alitalia, the only serious challenger to Air France-KLM’s offer. (Reporting by Silvia Ognibene)