Last ditch lifeline for Alitalia

Friday, 26 Sep, 2008 0

Desperate efforts to save Alitalia are continuing after a key union chose to support a rescue bid for the loss-making Italian carrier.

Italian investment group CAI has resumed talks over the ailing airline having pulled out last week in the face of continued union opposition.

But CAI now has the backing of four big unions, although five smaller ones have yet to agree the rescue package which would lead to job losses.

CAI has agreed to pump £800 million into the airline on condition that the workforce is cut by 6,000 jobs from 18,500 and working practices are reformed.

A new deadline for accepting the CAI offer of October 15 has been set.

The airline’s administrator Augusto Fantozzi said he is receiving expressions of interest over assets and activities of Alitalia group companies.

He had previously warned that the carrier would run out of money by the end of the month.

by Phil Davies



 

profileimage

Phil Davies



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...