Simple Flying - Joanna Bailey
Struggling airline Alitalia looks set to have its future assured as the Italian government is reported to be preparing to inject more than $3bn into the carrier. This comes as the airline reaches an agreement to furlough more than 6,000 workers until the end of October, and has cut its last long-haul route until at least June.
Reuters reports today that Alitalia will be granted a capital injection of at least €3bn ($3.24bn) from the Italian government, as part of the plan to rescue and revive the struggling airline. Industry Minister Stefano Patuanelli confirmed this today at the Italian Senate...more