Progress in Alitalia rescue plan
October 1, 2008
Two unions that had previously opposed a €1 billion rescue package for troubled airline Alitalia have revised their original opinions and have cleared the way for Italy's flagship airline to be relaunched.
The SDL and AVIA unions, which represents cabin crew and ground staff, have joined representatives of the airline's pilots in accepting the proposed rescue from the CAI consortium.
Led by the chairman of the Piaggio scooter firm, Roberto Colaninno, the CAI consortium had pledged to inject €1 billion into the airline, removing the unprofitable aspects of the company and merging it with Air One, Italy's second largest airline.
News of the potential rescue plan had been instrumental in the Italian civil aviation authority, the ENAC, agreeing not to revoke Alitalia's flight licence.
Italian Prime Minister Silvio Berlusconi had made the rescue of Alitalia a core aspect of his re-election campaign, but the airline appeared to be on the brink of liquidation with reports of losses of up to €2 million each day.
Written by: Michael Johnson
Save up to 60% and book your Heathrow Airport parking at an unbeatable price with Holiday Extras
Related News Articles
Clocks go back October | Clocks change Autumn 2011 - 26/10/2011
Pull the curtains, grab a blanket and get cosy, on Sunday October 30 2011 it's time to put your clocks back.Summer holiday bargains | Travellers wait to grab last minute deals - 15/08/2011
UK holiday-makers are holding out for last minute travel bargains this summer, and nabbing some great deals.Glasgow Airport Roadworks - 15/08/2011
Allow more time when travelling to and from Glasgow Airport. Roadworks are expected to cause delays until May 5th.
