1 MAY 2017


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.

Article from BTNews 1 MAY 2017

Alitalia faces the abyss

Italy’s flag carrier looked doomed at the weekend after an opinion poll published on Friday showed 77% of Italians believed the airline should not receive more funds but should be allowed to fail.

The poll was published four days after Alitalia workers voted to reject a rescue plan proposed by management which was backed by unions but which would have involved salary cuts and layoffs.

Natascia Turato, a director of the company that conducted the survey, said: "It's clear Italians are opposed to governments systematically running up deficits to deal with companies in crisis.

Reuters reported on Friday that “without state support, Alitalia appears headed for collapse”, though the Italian government had thrown the company a short-term lifeline in the form of a bridging loan of up to €400m to see it through a bankruptcy process, under which an administrator will decide if it can be sold or should be liquidated.

James Hogan, president and chief executive of the Etihad Aviation Group and vice chairman of Alitalia, said the group regretted the staff vote, which meant that all parties would lose: Alitalia’s employees, customers and shareholders “and ultimately also Italy, for which Alitalia is an ambassador all over the world”.


Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.