agreed to the CAI take over offer on 19 November 2008. CAI is paying €427 million in cash and taking on €625 million in Alitalia debts. On 30 November 2008 Alitalia Group had a net debt of €1.228bn and the available cash was €250mn. The net debt of Alitalia has decreased €20 million since October 2008. The EU and the Italian antitrust authority agreed on the sale of Alitalia to CAI on the 4th and 3 December 2008. The EU stated that the sale was at a fair market value. The Italian antitrust authority saw no objections to the take over but some minor ones. The profitable assets of Alitalia were transferred to CAI on December 12, 2008, when CAI paid the offered sum. CAI is liable for all Alitalia expenses per 1 December 2008. The bankruptcy administrator, Augusto Fantozzi, of the Italian flag-carrier Alitalia has put 46 of the airline's planes up for sale, and has asked for formal expressions of interest by the end of January 2009. The 46 planes will be offered in eight lots. Five of the lost will comprise aircraft from the main carrier. One of the lots will consist of two Boeing 767-300ERs; three separate lots will consist of seven Boeing MD-80s; and one other lot will consist of a single MD-80. Regional aircraft will be offered in the three remaining lots. Two lots will each consist of four ATR 72 turboprops, one featuring -200s and one featuring -500s. The third will consist of 14 Embraer ERJ-145s. Air France-KLM bought 25% of Alitalia for €323 million under a cooperation accord on January 12, 2009. The French as well as the Italian boards agreed to the sale. On January 13, 2009, Alitalia restarted and merged with Air One. The new Alitalia is a private company of Compagnia Aerea Italiana (CAI) and a 25% participation of Air France-KLM. References Alitalia