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Italy's Alitalia Calls Shareholders Meeting

Italian airline Alitalia said Friday it has called a shareholders meeting to name a new board on Feb. 22.

The company's board dissolved after Wednesday's resignation by the chief executive of Air France-KLM, Jean-Cyril Spinetta, from Alitalia's board. Another board member had resigned two days earlier.

The second call for the shareholders meeting is for Feb. 28, Alitalia said in a statement.

The Italian government, which controls a 49.9% share of Alitalia, announced last month conditions for the sale of at least a 30.1% share to a buyer with a turnaround plan, prompting speculation about possible buyers.

Air France-KLM, the world's largest airline by revenue, was in exploratory talks with Alitalia, but has insisted the Italian airline improve its finances before it would consider a partnership.