Alitalia is 'comatose' says boss
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The chairman of Italian airline Alitalia  raises new doubts over whether the carrier can survive without a buyer.
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Alitalia will cancel nearly 400 flights Tuesday because of a planned eight-hour strike by Alitalia flight attendants and air traffic controllers, the struggling airline said. via MSN Money
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ROME : Alitalia bosses and union and government officials forged a deal to save the troubled Italian flag carrier after thrashing out the details of redundancy payments for 3,700 workers who will lose their jobs in a restructuring plan.
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The price of shares in Italian airline Alitalia slumped by 3.42 percent to 0.192 euros in early trading in Milan, following a warning from the board that it faced a financial crisis.
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ROME : Alitalia directors and union delegates worked on thrashing out a rescue plan for the Italian flag carrier which has warned it could go bankrupt within a month.
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The head of British Airways, Europe&#39;s second largest airline, has tried to block more state aid for Alitalia, the Italian carrier struggling to craft a rescue package and stave off bankruptcy.
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The management of troubled Italian carrier Alitalia was due to unveil a rescue plan to stave off bankruptcy, which the Italian media says will involve shedding a quarter of the workforce.
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Struggling Italian flagship carrier Alitalia held late-night talks Tuesday with the government and labor unions on how to help employees whose jobs will be slashed under a plan to save the airline, news reports said.
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The Italian state airline Alitalia, fighting for its financial survival, reached a wage agreement overnight with unions representing ground staff, union sources said.
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Management and union leaders at Alitalia reached agreement on a new contract for pilots, though talks continued for other job categories ahead of a Wednesday deadline the company has set to work out a rescue package for the ailing carrier, union leaders said.
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The management of troubled Italian carrier Alitalia is due on Monday to unveil a rescue plan to stave off bankruptcy, which the Italian media says will amount to shedding a quarter of the workforce.
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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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Alitalia SpA, Italy&#39;s largest airline, reached an agreement with pilots to increase work hours and reduce pay ahead of tomorrow&#39;s deadline set by Chief Executive Giancarlo Cimoli, union officials said.
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Alitalia will survive barring unexpected difficulties, the financially shaky airline's CEO said Thursday, indicating optimism over the possibility of forging a domestic partnership as part of strategy to save the state-run carrier.
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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, news reports and an industry source say.
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Alitalia directors and union officials met to thrash out a rescue plan for the Italian airline which could go bankrupt in a month, as shares closed at a near-historic low.
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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.