EU ready to approve Alitalia&#39;s rescue plan
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BRUSSELS A four-year plan to rescue Alitalia will get the approval of the European Commission, as long as it does not bank on any new money from the Italian government, the commission said Tuesday.
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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 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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Alitalia stepped back from the brink of bankruptcy yesterday night as its board of directors approved a rescue plan that will allow the airline to tap into a â¬400 million ($486 million) emergency loan.
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The management of Alitalia is today due to present to its unions a rescue plan which holds the key to whether the state-controlled airline receives a government-guaranteed loan to avoid bankruptcy.
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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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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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After winning union acceptance of job cuts, Alitalia gave formal approval Monday to a four-year business plan aimed at saving the near-bankrupt Italian airline from 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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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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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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With union backing for job cuts, Alitalia&#39;s board has approved a four-year business plan to save the near-bankrupt Italian airline from collapse.
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Alitalia SpA&#39;s board is likely to approve today Chief Executive Officer Giancarlo Cimoli&#39;s rescue plan for Italy&#39;s largest airline, after he won concessions from the carrier&#39;s nine major unions on job cuts.
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Alitalia bosses and union and government officials forged a deal early yesterday to save troubled Italian flag carrier Alitalia after thrashing out the details of redundancy payments
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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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Italian airline Alitalia tells unions that 5,000 would have to go under a proposed rescue plan for the state carrier.
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EuropeÂs biggest airline said Thursday that it had begun talks that could eventually lead to the takeover of Alitalia, the Italian carrier.