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July 24, 2008 1:25:18 PM CDT

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Stories related to: Alitalia

Stories

6 Stories

  • July 2008

    • Italians Impatient With Alitalia Rescue Efforts

      newser  |  Bloomberg  |  Jul 4, 08 5:33 PM CDT

      Italians Impatient With Alitalia Rescue Efforts

      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. More »

      Tags

      Italy  • airline  • bankruptcy  • Silvio Berlusconi  • government  • bailout  • Alitalia

  • April 2008
  • March 2008

    • Chaos Continues at Heathrow

      newser  |  Guardian (UK)  |  Mar 31, 08 3:33 AM CDT

      Chaos Continues at Heathrow

      Hundreds of volunteer British Airways staffers spent their day off yesterday helping to return some of the 15,000 pieces of luggage lost when the state-of-the-art baggage system failed at the airline's new terminal at London's Heathrow airport last week. Scores of tech specialists have also been deployed to fix the computer problems, the Guardian reports. More »

      Tags

      British Airways  • luggage  • flight cancellation  • Terminal 5  • Alitalia  • stranded passengers  • Air France  • baggage handling

    • Air France Buys Alitalia in Cut-Rate Deal

      newser  |  BBC  |  Mar 17, 08 3:07 AM CDT

      Air France Buys Alitalia in Cut-Rate Deal

      Embattled Italian airline Alitalia has accepted a severely discounted buyout from Air France, the BBC reports. The $1.17-billion deal, which includes both the airline and its debt, sees Air France take over the Italian carrier at 81% below company's current share price. Alitalia has been in the red for the past five years, and failed to find a buyer at auction last year. More »

      Tags

      Italy  • airline industry  • buyout  • Air France KLM Group  • Alitalia

  • December 2007

    • Italians Fuss Over Airline Takeover

      newser  |  Reuters  |  Dec 23, 07 2:20 PM CST

      Italians Fuss Over Airline Takeover

      News that Italy's national airline, Alitalia, is in danger of being taken over by Air France-KLM, the world's biggest airline by revenue, has sparked outrage among Italian interests who fear their local carrier will be stripped of major routes. The government promises to decide Alitalia's fate by mid-January, as politicians and labor leaders urge Rome to reject the offer. More »

      Tags

      Italy  • airline  • Rome  • Air France KLM Group  • Alitalia  • Northern League

    • Air France Offers Alitalia $1B Boost

      newser  |  Bloomberg  |  Dec 17, 07 8:26 AM CST

      Air France Offers Alitalia $1B Boost

      Air France-KLM Group sweetened its bid for troubled Italian airline Alitalia today with a plan to raise $1.08 billion to upgrade aircraft and relaunch the brand, and a vow not to cut jobs. Air France is competing with Italy's No. 2 air carrier, Air One, to buy out the Italian government's 49.9% stake in the airline, which has posted losses 9 years running.  Air One’s plan offered a larger investment but would cut 2,000 jobs. More »

      Tags

      Air France KLM Group  • Alitalia

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