France Beats Lithuania In Eurobasket 2013 Title Game

Alitalia seeks capital hike, Air France-KLM votes against: source

Parker finished with 12 points, after scoring just four through the first three quarters. But his scoring and leadership during the run to the final including 32 points against defending champion Spain in the semifinals earned him the tournament MVP award. “We had a perfect plan, the coach said they would double-team me and that I had to trust my teammates and not to worry if I don’t score much,” Parker said. After finally capturing that elusive gold in France’s record 36th appearance in the tournament Parker led the French team into the stands to celebrate with their fans after the final buzzer. Spain beat Croatia 92-66 earlier Sunday to earn the bronze medal. Guard Antoine Diot all but secured France’s victory with a 3-pointer at the buzzer of the third quarter, after a Lithuania turnover gave France the possession with 0.9 seconds left. Diaw threw the ball to Diot, who nailed a 3 that was upheld after the referees viewed the video to make sure he had beaten the clock. Batum finished the first half with 17 points, shooting 6-for-7 from the field and making three of four 3-pointers. Diaw took over in the third, scoring 11 points on drives to the basket and outside shots. “We didn’t do a bad job defending Parker, but we forgot about the others,” Lithuania coach Jonas Kazlauskas said. France coach Vincent Collet said his team had learned from the times it came up short in the past. “It wasn’t the easiest way, but we improved starting with the quarterfinals. It’s the 36th Euro for France and the first title, you can imagine how we feel,” Collet said. SHARE 70 CONNECT 23 TWEET 1 COMMENTEMAILMORE Copyright 2013 The Associated Press.

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DEVELOPING ROME HUB Alitalia’s once ambitious plan to become a strong regional player has failed in the face of tough competition from low-cost carriers, high-speed trains and lower demand for air travel. Recently appointed CEO Gabriele Del Torchio, a turnaround specialist, has already outlined a new plan to focus on the more lucrative long-haul market, but he desperately needs cash to buy the larger aircraft needed for inter-continental flights. The company says the new strategy will help it to break even in 2015 and return to profit in 2016. Italy was betting on Air France-KLM raising its stake, possibly even taking control of the company, but any such commitment may clash with Italy’s own ambition to make Rome a transport hub for intercontinental flights. Industry Minister Flavio Zanonato on Thursday said Italy was working with banks to find a temporary solution to put the company in a stronger financial position first rather than leaving it at the mercy of an Air France-KLM bid that would ultimately hurt Rome’s own transport priorities. “Alitalia shouldn’t get into a situation where it is weak and has to accept whatever terms are offered because it has no negotiating power,” Zanonato told reporters in Brussels. Air France-KLM already operates two hubs out of Paris and Amsterdam and may want Alitalia to support its own network rather than develop Rome as an additional hub in Europe, analysts say. Italy’s transport minister told his French counterpart at a separate meeting in Paris that Rome was not opposing a stronger Air France-KLM involvement, but only under the condition that it would not affect Alitalia’s new strategy and jobs. In the absence of other bidders, Italy’s bargaining power may be limited. Etihad Airways, mentioned by Italian media as a possible partner, has distanced itself from the struggling carrier for now and is focusing on a deal in India instead. The Alitalia board was told by a bank adviser of possible interest from China, Russia and the United Arab Emirates to acquire a stake, a board member said. However, similar reports have emerged in the past without coming to fruition, and time is running short for Alitalia.

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