The long-running saga over the future of Alitalia looks like it may be finally nearing a resolution, with an Italian 16- strong consortium, named CAI and led by Roberto Colaninno, poised to take over. The final piece in the jigsaw will be the selection of a foreign minority shareholder partner. The Italian carrier was placed into receivership in September, and has been allowed to carry on operating, despite breaking EU financial rules on both government aid and cash reserves. The takeover … [Read more...] about Europe & CIS : Alitalia saga may be near a conclusion
Alitalia
Alitalia
Alitalia has sufficient liquidity to operate until the start of December, the Italian airline’s bankruptcy commissioner told trade unions recently, according to Reuters. Augusto Fantozzi also told the unions that he hoped to wrap up the sale of Alitalia assets to the CAI investor group by mid-November. CAI plans to merge the profitable parts of Alitalia with domestic rival Air One and is looking for a partnerabroad. … [Read more...] about Alitalia
Europe & CIS : Alitalia saga may be near a conclusion
The long-running saga over the future of Alitalia looks like it may be finally nearing a resolution, with an Italian 16- strong consortium, named CAI and led by Roberto Colaninno, poised to take over. The final piece in the jigsaw will be the selection of a foreign minority shareholder partner. The Italian carrier was placed into receivership in September, and has been allowed to carry on operating, despite breaking EU financial rules on both government aid and cash reserves. The takeover … [Read more...] about Europe & CIS : Alitalia saga may be near a conclusion
Europe/ CIS: Alitalia rescued from death throes
The last unions holding out against a deal to salvage beleaguered Italian national carrier, Alitalia agreed late last month to a plan which will see the bankrupt airline’s assets to a group of Italian investors. The breakthrough with the AVIA and SDL unions, which represent mostly fl ight attendants, came after a meeting with the investors and government offi cials, the premier’s office said. All nine Alitalia unions are now on board. Pilots, who had been resisting the deal, … [Read more...] about Europe/ CIS: Alitalia rescued from death throes
