Italy's Alitalia Cargo, a subsidiary of the country's former national carrier and Europe's seventh-largest air freight operator last year, may be sold to Cargoitalia, a private Italian all-cargo carrier that has made a binding offer of €14.5 million for the company's five MD-11 freighters. Cargoitalia says the sale must be completed by 9 March and if it is, it will hire 15 pilots within one month of closing the deal and another 15 pilots for each MD-11 that enters its fleet over the next two … [Read more...] about Cargoitalia makes binding offer for Alitalia Cargo
Alitalia Cargo
Possible Alitalia cargo sale nears
Alitalia¡¯s bankruptcy administrator is close to selling the cargo unit of Italy¡¯s former state-owned airline. Alitalia's Extraordinary Administrator, Augusto Fantozzi has set a 29 January deadline for companies to make offers for the cargo unit¡¯s five MD-11 freighters and its other assets. This will be followed immediately by a public tender. The cargo unit was not included in the US$1 billion acquisition of Italy's national carrier by CAI, an Italian investor group, which launched a … [Read more...] about Possible Alitalia cargo sale nears
