BRUSSELS, Belgium (AP) — The European Union’s transport chief on Wednesday approved the proposed takeover of bankrupt Italian airline Alitalia by a group of investors, lauding its rebirth as the latest move to change the EU airline sector from an inefficient state-driven industry to a competitive privatized one. In announcing the decision, EU Transport Commissioner […]
International Herald Tribune ROME: Executives of Lufthansa, the German airline, met with representatives of unions at the Italian carrier Alitalia on Friday to discuss the possibility of taking a stake in Alitalia as negotiations continued to in an attempt to rescue it. Lufthansa and Air France-KLM hope to increase their presence in the Italian market […]
By Alberto Sisto Reuters News ROME, Sept 18 (Reuters) – Italian airline Alitalia (AZPIa.MI: Quote, Profile, Research, Stock Buzz) faced the prospect of liquidation after a business group that had mounted a rescue bid withdrew its offer on Thursday, citing union opposition. All members of the CAI consortium voted to abandon the offer — a […]
* David Gow and John Hooper * The Guardian, * Thursday September 18 2008 * Article history The European commission yesterday reshaped the EU’s aviation sector by forcing Olympic Airlines to repay to the Greek government €850m (£671m) in illegal state aid before it is privatised. Plans to liquidate Olympic, which was founded by Aristotle […]
Travel Daily News Last week, as two European airlines – one of them a “flag carrier” – collapsed, few would have noticed a small airline on the other side of the world reporting a profit. It was Polynesian Blue, hardly a major company, but the event was significant in one respect. For many years, the […]
By Jonathan Stearns June 17 (Bloomberg) — Antonio Tajani, an Italian who is the European Union’s new transport chief, pledged to act forcefully in leading an EU probe into Italy’s rescue loan for flag carrier Alitalia SpA as he fended off questions about his impartiality. Tajani’s promise comes less than a week after the European […]
By Stephanie Bodoni and Marco Bertacche June 11 (Bloomberg) — The European Union plans to open an investigation of Alitalia SpA’s emergency loan from the Italian government, a development that may complicate the airline’s search for a buyer. One month after Rome-based Alitalia accepted the 300 million-euro ($464 million) injection, the European Commission, the EU’s […]