19 September 2008

Alitalia 'on edge of abyss'

Alitalia remains on the ââ¬Ëœedge of an abyssââ¬â¢ after an investor group walked away from a rescue bid.

Key unions representing pilots ands cabin crew vetoed plans by investor group CAI which would have led to around 3,000 job cuts.

The Italian cabinet is to debate the crisis at Alitalia today. The airline is reportedly losing $3 million a day and may run out of funds by the end of the month. It has been operating under government bankruptcy protection for three weeks.

Prime minister Silvio Berlusconi said: ââ¬ÅâœWe may be on the edge of the abyssââ¬~ after CAI withdrew its offer.

by Phil Davies 

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• Let it go!
  
  

  It's about time this ageing airline bit the dust. Get rid of these unions once and for all and leave the skies clear for a new set-up.

  By David Lyttle, Friday, September 19, 2008
• The unions are turkeys voting for Xmas
  
  

  If I were an investor, I would let it go bust then buy the pieces....

  By Mike Stones, Friday, September 19, 2008
• Anyone...
  
  

  ...booking Alitalia these days?

  By W Shearer, Friday, September 19, 2008