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Sudden collapse of Alitalia would be a shock to Italy's economy-minister

A sudden collapse of loss-making national airline Alitalia would be a great shock for Italy's economy, Industry Minister Carlo Calenda said on Sunday. Rome has thrown the crisis-hit airline a short-term lifeline, a bridging loan of up to 400 million euros ($436 million) to see it through a process whereby an administrator will decide if it can be sold as a going concern or should be li...

Alitalia’s board approves profitability strategy including €1bn in cost cuts by 2019

Alitalia’s board has approved a turnaround plan that will include cost cuts of €1 billion (Dh3.94bn) and an increase in the number of transatlantic flights as the airline seeks to achieve profitability by the end of 2019. The 2017-21 business strategy also envisages a 30 per cent rise in revenue to €3.7bn from €2.9bn by 2019 led by the effects of about €200 million of...

Alitalia in Rome government talks on turnaround plan

Alitalia and its shareholders presented their latest business plan to Italy’s government on Monday, paving the way for crunch talks with unions over up to 2,000 job cuts that could decide the future of the struggling carrier. The Italian centre-left government pledged support for efforts to turn around the airline but asked the carrier to finalise a plan before starting any talks over pos...

Alitalia bound for Cuba with first Rome Havana flight in November

Alitalia is to begin direct flights in November from Italy to Cuba. The first non-stop service, which will operate twice a week on Tuesdays and Saturdays, will take off on 29 November from Rome to Havana and be flown on the route with the airline’s flagship Boeing 777 aircraft. This is the fourth new long-haul destination started this year by Alitalia following successful launches to Santiag...

Alitalia will support 75,700 jobs in Italy in 2016; €4.7 billion benefit to national economy

Alitalia will support 75,700 jobs throughout Italy in 2016 and make a €4.7 billion contribution to the national economy, according to a leading global consultancy. The airline’s activities will see 29,700 people provided with employment to supply and help Alitalia’s own domestic workforce, who in turn will create further jobs by spending their wages in Italy to deliver €2....

Alitalia’s new direct flight linking Rome and Mexico City departs

Alitalia’s first direct, non-stop flight from Rome to Mexico City took off this morning at 10.25am. The inaugural service operated by Alitalia’s flagship long-haul Boeing 777 aircraft took off from Fiumicino airport to the Mexican capital with a load factor over 80 per cent. The new route was launched with a ribbon cutting ceremony performed by Alitalia’s CEO Cramer Ball, Heritage, Arts and Tou...

Alitalia Grows In China Through New Codeshare Deal

Alitalia is set to improve its presence in China thanks to a new codeshare agreement with China Southern that covers a total of 28 destinations in Italy and China. The deal signing last night (Thursday 17 December) took place in Rome during a gala event to celebrate the Chinese airline’s recently launched new Rome-Wuhan-Guangzhou flights. The codeshare deal will provide travellers from...

Alitalia appoints new CEO

Alitalia has appointed Cramer Ball as a member of its board of directors, designated to be appointed as Chief Executive Officer from early March 2016. A shareholders meeting convened today, chaired by Luca Cordero di Montezemolo, has appointed Cramer Ball as a member of the board of directors, in substitution of Silvano Cassano who resigned in September, and it has designated him as the next&nb...