Alitalia’s pilots have agreed to accept a deal which could bring the ailing airline back from the brink of collapse.
Earlier the carrier was given a stay of execution.
The Italian civil aviation authority said it could carry on flying “for now” after threatening to revoke its licence and ground its planes unless the carrier came up with a rescue plan by Thursday.
With the deadline long gone, pilots were due to meet again on Monday but they’re now reported to have endorsed a deal proposed by CAI, a group of Italian investors.
It is understood that of the nine unions involved only flight attendants have yet to agree terms.
The pilots agreed to “plan for the resumption” of the CAI deal after twelve hours of non-stop talks with government officials.
Sealing the deal would be seen as a political triumph for Italian Prime Minister Silvio Berlusconi who made an election vow to save the airline and keep it Italian.
Italy’s civial aviation director Vito Riggio said Alitalia’s financial situation will continue to be monitored.