Italians Impatient With Alitalia Rescue Efforts
(Newser)
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Fed up with government efforts to resuscitate Alitalia, many Italians think Rome needs to face reality and let the airline die, Bloomberg reports. PM Silvio Berluconi characterizes Alitalia’s survival as “a matter of national security,” but it hasn't turned a profit in nearly a decade. The latest plan for Alitalia is a restructuring scheme by Intesa Sanpaolo, Italy’s second-largest bank.
The country’s largest labor union accuses Berlusconi of exploiting protectionist sentiment: "Alitalia has always been used and abused by politicians for electoral purposes,'' said the union's national secretary. He calls the government’s $473 million bailout plan—which will cost approximately 5 euro per taxpayer—"a drop in the ocean of Alitalia’s losses without a relaunch plan.”
Source:
Bloomberg
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