Windjet is looking for a “white knight” to rescue it from imminent collapse, after a last-minute government-backed meeting in Rome failed to persuade Alitalia to resume takeover talks with the Sicily-based low-fare carrier. Although Italian Transportation Minister Corrado Passera says his ministry stands ready to go along with any eventual Windjet request for Italy’s equivalent of Chapter 11 bankruptcy protection, CEO Stefano Randuccio insists “we are looking to other solutions” and ...

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