The sale of the cargo unit of Alitalia is nearing a conclusion according to the bankruptcy administrator of Italy's national airline. Augusto Fantozzi said he expects to sign a contract with Alis, the owner of Cargoitalia, another private Italian all-cargo carrier, within a week which will see Alis pay nearly US$18 million for the former Alitalia Cargo, but this does not include planes or take off and landing slots, Fantozzi said. Alitalia Cargo's five MD-11 freighters were grounded in January … [Read more...] about Alitalia Cargo deal close to conclusion
Cargoitalia
Cargoitalia makes binding offer for Alitalia Cargo
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
