Italy to sell down Alitalia stake
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The Italian government announced plans Friday to sell down its 49.9 percent stake in Alitalia as part of its efforts to turn around the cash-strapped airline.
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ROME The survival of Italy&#39;s flag carrier will be at stake on Monday when Alitalia meets its unions to reveal how many jobs it intends to cut in a restructuring aimed at averting collapse.
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Shares in Alitalia are soaring as the board of the Italian carrier prepares to approve a rescue plan that will cut jobs and slash wages in an effort to avoid collapse.
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After winning union backing for job cuts, Alitalia was holding a board of directors meeting Monday to approve a restructuring plan aimed at saving the near-bankrupt Italian carrier from collapse.
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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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The number of groups bidding to buy Rome's stake in Alitalia falls to two after the withdrawal of Texas Pacific.
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ROME  - Alitalia said Thursday it had reached an agreement with unions representing its ground crew staff to cut 2,500 jobs, moving a step closer to approving a crucial restructuring plan.
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Italy should hand loss-making national carrier Alitalia to anyone willing to take it off Rome&#39;s hands for one euro, or allow the airline to go bankrupt, Italy&#39;s infrastructure minister said.
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Its future at stake, Italy's flagship air carrier Alitalia said it plans to cut 5,000 jobs--almost a fourth of its workforce--as part of restructuring efforts aimed at averting collapse.
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The struggling Italian national carrier Alitalia reported narrower first-quarter losses Tuesday as the airline reaches the final stages of a tender bid to go private.
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The Italian airline Alitalia is to reveal proposals to stave off bankruptcy.
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MILAN Alitalia&#39;s board and representatives of most of its labor unions reached an agreement Friday to split the Italian state-controlled carrier into two companies as part of a four-year turnaround plan.
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The boss of Italy&#39;s troubled Alitalia carrier wants to see the airline&#39;s state holding sold off by the end of the year, he said in an interview published Saturday.
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LONDON, October 6  - Alitalia (ALI.FSE) has reached an agreement with its major labour unions and the Italian government, enabling the loss-making airline to access a â¬400 million (â¬492.
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Struggling Italian airline Alitalia is set to seek one of three domestic partners to help it claw backmarket share, Alitalia&#39;s Chairman and CEO Gianfranco Cimoli said on Thursday.
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BRITISH Airways today announced plans to sell its Â£425 million stake in Australiaâs Qantas Airways to cut debt and take advantage of consolidation in Europe.
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Alitalia has reached agreement with the Italian government on a 400m euro (Â£275m) loan to aid the restructuring of the struggling airline.