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Alitalia bailout resurrected


Alitalia bailout resurrected


There has been a breakthrough in the last-ditch efforts by the Italian government to try to save Alitalia from bankruptcy. The country’s biggest union, CIGL, has agreed to back the rescue plan proposed by the Italian business consortium CAI.

That came after talks organised by the Prime Minister’s office, with a deadline running out as Italy’s civil aviation authorities threatened to pull the airline’s licence to fly. The deal still has to win the backing of the pilots and cabin crews, many of whom will lose their jobs under the takeover plan.

They blocked a previous attempt to sell the carrier to Air France-KLM, but now have said they will reconsider the deal because of what they called “new and interesting facts”. That is perhaps a reference to reports that Air France-KLM is looking at joining the CAI consortium with a stake of between 10% and 25%.

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