EU warns Italy on Alitalia stake
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The Italian state must give up its majority stake in troubled Alitalia when the airline sells new shares, the EU warns.
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French and Italian leaders are to discuss the future of struggling airline Alitalia amid talk of an Air France merger.
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With the future of Italy's flagship carrier at stake, Alitalia began crucial talks with unions Monday to unveil a rescue plan &#151; including expected layoffs &#151; aimed at averting collapse.
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The future of Alitalia is at stake as the Italian flagship carrier meets with unions Monday to reveal the number of planned job cuts as part of a restructuring plan aimed at averting collapse.
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BRUXELLES - Otto compagnie aeree europee hanno inviato una lettera al commissario Ue ai Trasporti Loyola De Palacio, in cui viene contestato il piano di ristrutturazione aziendale di Alitalia. Nel documento
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The Italian government is to sell a 30.1% stake in national airline Alitalia, but with a list of conditions attached.
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Alitalia, in the throes of restructuring to prevent bankruptcy, lost passengers and market share in Italy from January to May, chairman Giancarlo Cimoli said.
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State carrier Alitalia could be faced with collapse within 20 days without the approval a restructuring plan that would allow the airline to tap into a euro400 million (US$488 million) loan, the company&#39;s head was quoted as saying in Italian news reports
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State carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a loan of 400 million euros (&#36;488 million), the company's chairman was quoted as saying in Italian news reports Tuesday.
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The Italian airline Alitalia warned that it was headed for bankruptcy within a month, as the government appealed to unions and the company management to strike a deal to save the struggling carrier.
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The European Commission expressed concern on Friday about higher-than-expected November inflation in the euro zone, calling on governments, unions and companies to cooperate in curbing price growth.
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Italy&#39;s government renewed its threat to let Alitalia die unless unions agree to a cost-cutting deal by September 15, saying the days of bailing out the loss-making airline were over.
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The European Union's head office said Thursday member state Italy could find itself in the middle of a trans-Atlantic Boeing-Airbus dispute because of a state-owned company's involvement with the U.S. aircraft producer.
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Alitalia  shares fell more than 3 percent on Thursday, the first day of trading since the loss-making airline's board backed Air France-KLM's  bid ahead of a final decision by the Italian government.
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Alitalia's board of directors said Friday it had advised the Italian government to pursue an offer by Air France-KLM to rescue the near-bankrupt airline with a long-term investment of 6.5 billion euros (9.3 billion dollars).
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Union leaders slammed Alitalia's plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, but said Tuesday they will keep negotiating and urged the government to step in.
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Italian Transport Minister Pietro Lunardi urged trade unions to cooperate in efforts to end the crisis at Alitalia, warning that the government had already done all it could.