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DUBLIN, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - A pan-European body representing Ryanair pilot unions on Friday described the Irish airline's decision to close two bases and reduce its capacity this winter as a "declaration of war" on unions and said the move must be reversed to make progress. Ryanair in a statement angrily rejected the charge that the closures were targeted at unions, saying it had been forced to act by higher oil prices and falling airfares that have also contributed to base closures at other carriers in recent months.
MILAN, Oct (Shenzhen: 000069.SZ - news) 7 (Reuters) - Italy is working on an Alitalia (Stuttgart: 2278962.SG - news) rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunday. Once a symbol of Italy's post-war economic boom that has recently struggled to compete with low-cost carriers and high speed trains, Alitalia was put under special administration last year after workers rejected a rescue plan. As part of the administration process, Rome has been looking for a buyer for the airline, with a deadline set for Oct. 31.
ROME, Oct (Shenzhen: 000069.SZ - news) 6 (Reuters) - Italy is working on an extension of as much as six months to a Dec (Shanghai: 600875.SS - news) . 15 deadline for Alitalia (Stuttgart: 2278962.SG - news) to repay a 900 million euro ($1 billion) loan meant to keep the airline afloat while it searches for a buyer, a government source said on Saturday (Shenzhen: 002291.SZ - news) . Once a symbol of Italy's post-war economic boom, but recently in trouble due to competition from low-cost carriers and high speed trains, Alitalia was put under special administration last year after workers rejected a rescue plan.