Alitalia Signs Agreement With Dresdner
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Alitalia SpA has signed an agreement for a euro400 million (US$496 million) bridge loan, the struggling Italian airline said Monday.
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Alitalia reaches an agreement with all but one trade union over plans to split the troubled national Italian airline into two.
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Unions and executives at Italy's Alitalia reach a deal with the government on layoffs, opening the way for a wholesale restructuring.
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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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Air France-KLM reveals that its offer for the Italian airline Alitalia is to be structured as a share swap.
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EU transport and energy commissioner Loyola de Palacio on Sunday hailed the accord reached between Alitalia management and staff on a major restructuring plan aimed at keeping the struggling airline in the air.
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Alitalia SpA said eight of its nine biggest unions agreed to a plan to split Italy&#39;s biggest airline in two, enabling the carrier to get a loan to stay in business.
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ROME : Alitalia directors gave formal backing to a four-year rescue plan that will free up a 400-million euro (486-million-dollar) state-backed loan to keep the Italian flag carrier aloft.
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Labor and management at Italian state airline Alitalia have reached an agreement in principle to split the carrier into two companies, one for flight services and the other for ground operations, union sources said.
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The European Union&#39;s transport commissioner has praised the restructuring deal reached between Italy&#39;s flagship air carrier, Alitalia, and unions representing cabin crews.
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MILAN Alitalia took a big step Tuesday toward resolving labor disputes that have threatened to push the Italian airline into bankruptcy, agreeing to new contracts with 2,300 pilots.
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Air France KLM said on Thursday it was in exploratory tie-up talks with Alitalia at the request of the Italian airline.Comment
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The deadline for making binding offers to buy loss-making Italian airline Alitalia has been extended by 10 days, from July 2 to July 12, the Italian economy ministry said on Thursday.
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Shares in Italian carrier Alitalia surge as it finalises a deal with unions which will keep it in the air.
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Five bidders have made the final round of the auction to buy Alitalia, which is being sold by the Italian government.
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Alitalia reaches agreement with the Italian government about a 400m euro loan needed to fund a major restructuring of the business and to ensure its survival.
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Struggling Italian flagship carrier Alitalia signed an agreement overnight with the government and labor unions on helping employees whose jobs will be slashed under a plan to save the airline, news reports said Wednesday.