50 SKY SHADES - World aviation news

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

Download: Printable PDF Date: 30 Apr 2017 12:27 category:
Publisher:
Sudden collapse of Alitalia would be a shock to Italy's economy-minister - Airlines publisher
Tatjana Obrazcova
Country: Italy Aircraft: Airplanes Airline: Alitalia
Source: Reuters

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 liquidated.

Image result for alitalia

"It (sudden closure) would be a shock for GDP (economic output) much greater than the scenario that we are looking at: a brief period of six months covered by a bridging loan from the government so as to find a buyer who could provide services that Italians need as travelers," he said in an interview with Sky TG24 television.

Rival airlines have shown little interest in buying Alitalia and creditors have refused to lend more money after workers last Monday rejected a rescue plan that would have reduced pay and cut 1,700 jobs.

Image result for alitalia



Loading comments for Sudden collapse of Alitalia would be a shock to Italy's economy-minister...


Recommended

American Airlines is first retrofit customer for Airbus’ new Airspace XL luggage bins on its A321 fleet

Larger overhead luggage bins offer 40 percent more storage space for carry-on bags Project includes cabin upgrades for 202 A321s Airbus takes major step into US services market with its largest...

Peruvian Government: “Satellite investment recovered after first year of operations”

PerúSAT-1 has delivered more than 71,000 images for more than 80 organisations PerúSAT-1 has completed its first year of operation and the Peruvian government has recently declared th...

Embraer Selects Authorized Service Center for Executive Jets in Argentina

Embraer announced the selection of Aero Baires as its first authorized service center for Executive Jets in Argentina. Based at Aeródromo de San Fernando, in Buenos Aires, the center was certif...

ATR 72-600 Flight Simulator in Paris Receives EASA Certification

ATR, the world’s leading turboprop manufacturer, has received certification from the European Aviation Safety Agency (EASA) for its new ATR 72-600 Full Flight Simulator (FFS) based at ATR’...