The board of ITA Airways has stripped executive chairman Alfredo Altavilla of his powers, giving Chief Executive Fabio Lazzerini the task of negotiating the sale of the Italian state-owned carrier, a source close to the matter said on Wednesday. Both ITA Airways and Altavilla did not reply to a request of comment from Reuters. Italy picked in August a group led by U.S. private equity fund Certares, backed by Air France-KLM and Delta Air Lines Inc, for exclusive talks on buying a majority stake in ITA Airways.
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