King Fahd International Airport (KFIA) officially unveiled its "Cargo Village". The launch event was presided by His Royal Highness, Prince Saud bin Naif, governor of the Eastern Province of the Kingdom of Saudi Arabia. The Cargo Village is spread over half a million square metres. Over 70 per cent of goods bound for the Gulf region is destined for the Kingdom. The Cargo Village positions KFIA as a multi-modal shipment and clearance destination, directly serving the Eastern Province and the … [Read more...] about KFIA launches cargo clearance facility
CAI
New’ Alitalia takes to the skies
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmed-down Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airline filed for bankruptcy in August. "We've done it. There's no turning back from the new Alitalia now and all the prophets of misfortune have been silenced," said Labour Minister Maurizio Sacconi, whose government had made saving Alitalia a top priority. … [Read more...] about New’ Alitalia takes to the skies
New' Alitalia takes to the skies
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmed-down Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airline filed for bankruptcy in August. "We've done it. There's no turning back from the new Alitalia now and all the prophets of misfortune have been silenced," said Labour Minister Maurizio Sacconi, whose government had made saving Alitalia a top priority. … [Read more...] about New' Alitalia takes to the skies
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
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
