Air France KLM to pull out of Alitalia bid

Air France KLM released that following the request by Alitalia to clarify the legal situation following the interruption of the negotiation between AIR FRANCE KLM and Alitalia, AIR FRANCE KLM has indicated to Alitalia that the contractual arrangements announced on 14th March with a view to launching a public exchange offer on Alitalia were no longer valid; the conditions precedent that had to be satisfied prior to launching were not fulfilled.