After Lufthansa walked away from a potential deal to take over Italy’s long-suffering Alitalia this morning, Air France/KLM officially picked up the slack — saying that it will make an offer for the airline.

This places Air France/KLM in direct competition with Italian airline Air One.

As Reuters reported today, “An Air One takeover would keep Alitalia in Italian hands but there has been doubt over whether the smaller airline has the wherewithal to turn around an airline with a long list of woes. The Air France-KLM choice would make Alitalia part of the world’s biggest airline by sales but at a sharp discount to its share price and with potentially unpalatable job cuts.”

How long……has this been goin’ on?

Who was it that sang that song?