Alitalia Auction Going Down in Flames

Alitalia just loves being in the news, but not in a good way. I just don’t get it. Someone please put this old dog out of its misery.

You may remember that Aeroflot and TPG both pulled out of the running to buy the airline, but TPG’s former partner, MatlinPatterson, went back in on its own. Besides MatlinPatterson, Air One was the only other bidder left.

Well, now Air One has pulled out as well and according to Reuters, “Transport Minister Alessandro Bianchi has said [MatlinPatterson] has shown few ‘signs of life.’”

Looks like it’s back to the drawing board for this sad, sad airline. Someone, please pull the plug.