EU: Alitalia plan good for future
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A rescue plan aimed at saving Italian airline Alitalia is a good sign for the future of the loss-making flag carrier, the EU&#39;s top transport official has said.
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The European Commission is to review Alitalia's restructuring plan to see if is breaking state aid rules.
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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 future of Italian flagship carrier Alitalia is at stake in a meeting 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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Alitalia. Dopo l&#39;allarme di Cimoli, Piazza Affri porta a terra i titoli, sotto i 20 centesimi con un -6%. Le compagnie concorrenti vivono una buona giornata, sostenute da buone correnti di acquisto. Ma per
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Air France-KLM appeared best placed to buy Alitalia, ahead of Italian company Air One, as Alitalia's board prepared to meet on Friday on which rescue plan to recommend to the government.
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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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Alitalia has reached agreement with the Italian government on a 400m euro (Â£275m) loan to aid the restructuring of the struggling airline.
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Air France-KLM on Monday detailed its offer to buy all of Alitalia , confirming details given on Sunday by its chairman to Italian newspapers.
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The Italian government gives its backing to Air France-KLM's bid to buy a chunk of national airline Alitalia.
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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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ROME  - With the future of Italy's flagship carrier at stake, Alitalia began crucial talks with unions Monday to unveil a rescue plan - including expected layoffs - aimed at averting collapse.
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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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Air France-KLM plans to keep Alitalia  as a separate company overseen by a board of trustees once it has taken over the Italian airline, according to a news report on Sunday citing details of the French offer.
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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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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.
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Alitalia's shares soared Tuesday as hopes increased that the struggling carrier and labor unions might clinch a deal on a relaunch plan aimed at saving the company before a deadline Wednesday.