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
consolidation
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
Troubled FlyLAL acquired by Swiss investor
Loss-making FlyLAL Lithuanian Airlines has been purchased by SCH Swiss Capital Holdings for US$1 million plus an agreement to cover debt of some €1 million (US$1.4 million). "We were looking for an airline to purchase, and this is a good company to invest in. FlyLAL can be a very strong regional carrier," SCH CEO Jan Erik Jansson told the Associated Press. The sale will take effect on 23 January. FlyLAL was privatised in 2005 and was held by several Lithuanian investors. It lost LTL8.1 … [Read more...] about Troubled FlyLAL acquired by Swiss investor
