Question mark over Alitalia’s future as it enters bankruptcy process
Alitalia is to enter bankruptcy proceedings after its employees rejected a plan to restructure the troubled Italian airline.
The carrier said its flights would continue to operate as normal while administrators try to come up with a financial rescue package.
Its employees have already voted against a plan to cut jobs and salaries, which would have allowed Alitalia to secure new funds.
Alitalia said in a statement that Italian shareholders and Etihad, which owns 49% of the airline, had been ‘committed to recapitalise and finance the plan with €2 billion euros’, but that without the approval of workers, it could not go ahead.
The Italian government has given Alitalia €6 billion over 10 years and it has given the airline a €400 million bridging loan to allow it to keep operating during the bankruptcy process, but it has ruled out re-nationalising or providing further funds.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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