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Alitalia sale approved

November 24, 2008 By Jim

 

If a company is losing around $1.3 million a day you’d quickly understand why it needs to be sold urgently.  Such is the case of Alitalia.  Italy’s national air carrier is now officially on sale.  The ailing Italian airlines is reported to be worth, at least, 1.052 million euros.  That’s what the announcement of Economic Development Minister Claudio Antonio Scajola’s approval of the sale was of Compagnia Aerea Italiana (CAI).  

Naturally, the labor union of pilots and flight attendants are opposing the sale.  They’ve recently applied a “work to rule” status stating that they will only work as exactly as what their contracts stipulated.  This move seen as an attempt to slow airline activity and pressure management to pay attention to their grievances.  This action has resulted in a lot of flight delays and cancellation.

There are reports that local businessmen are making a bid for the ownership of the airlines.  No report has yet been finalized.  To date, there has been over 11 interested parties.

Filed Under: News

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