22 September 2008

Alitalia ââ¬Ëœcould be grounded this weekââ¬â¢

Debt ridden Alitalia may be forced to ground all flights this week unless a financial rescue package is put in place.

Italian aviation authorities have reportedly warned that the airlineââ¬â¢s operating licence could be removed within days unless a cost cutting plan emerges.

The boss of the countryââ¬â¢s civil aviation authority ENAC Vito Riggio was reported in local media as saying: ââ¬ÅâœIf the financial plan doesnââ¬â¢t arrive in three to four days the licence will be suspended.ââ¬~

His comments came after a bid by investor group CAI fell through on Friday due to opposition by six unions         

by Phil Davies

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• unions
  
  

  Any company that is held financially hostage by its unions deserves to die. I only hope that as it is sold off piecemeal that the said unions lose their stranglehold in the process.

  By Alexander Carraro, Monday, September 22, 2008