Latest in Tag: Alitalia Highlight
Latest in Tag: Alitalia
Alitalia, which was privatised in 2008 under a plan that also involved spinning off unprofitable activities into a “bad” company, has been unable to make a profit ever since and is burning around €1m ($1.4m) of cash a day to keep flying.
Smaller investors, which account for 38.5% of the group’s shares, would be bought out, WirtschaftsWoche said.
The announcement comes as Italy’s Prime Minister Enrico Letta is on a two-day visit to the United Arab Emirates to boost bilateral ties between the two countries.