Alitalia soars after pilot pact
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Shares of Italian airline up on optimism that pilot agreement is first step to regaining health. ROME  - With a boost from a vital deal with pilots, Alitalia and unions for cabin crew and ground staff
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MILAN : Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.
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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.
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Talks between Alitalia and the unions were continuing on Tuesday as hopes rose of staving off bankruptcy at Italy's troubled national airline.
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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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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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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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Alitalia scrambled for an accord with cabin crews on Friday over job cuts and longer hours needed to save the airline from collapse as negotiations
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MILAN  - Alitalia airline won a thumbs up from the stock market following a weekend job-cutting deal with flight attendants seen as clearing away a threat of bankruptcy and opening up new horizons.
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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 receive a loan to stay in business.
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Shares in the near-bankrupt Italian flagship carrier Alitalia rallied nearly 5.0 percent on Thursday as traders predicted a speedy rescue plan.
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Shares in ailing Italian national  carrier Alitalia surge on speculation that Air France is preparing to bid for the airline.
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Shares in Alitalia gained over 5.0 percent Monday after the state-controlled airline clinched a final union agreement over job and wage cuts, clearing a key obstacle to its turnaround plan.
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ROME : Alitalia management and flight attendants reached agreement on a crucial deal early Saturday on job cuts that would allow the struggling airline to keep flying, union sources quoted by ANSA news agency said.
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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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Talks between Alitalia and the airline&#39;s unions continued on Tuesday as hopes rose of side-stepping bankruptcy before Wednesday&#39;s deadline.
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Alitalia comunica di aver raggiunto l&#39;accordo con le 6 sigle sindacali (Anpac, Filt-Cgil, Fit-Cisl, Uilt, Ugl e Up) che rappresentano i piloti della Compagnia sulla normativa e sui nuovi limiti d&#39;impiego del personale.