Subscribe Free
in Air Transport / Business & Finance

Alitalia to go into administration as Etihad looks on

Posted 2 May 2017 · Add Comment

The Etihad rescue of Alitalia took a turn for the worse today as the Italian airline filed for extraordinary administration following a meeting of its shareholders.

The decision follows the rejection of a restructuring proposal by workers last month.

Etihad Airways which had invested in the airline and said it had been prepared to recapitalise and finance the restructuring backed the move. When the rescue package was originally mooted, the unions had agreed to support the moves.

Alitalia say that two-thirds of the structural cost cuts are unrelated to labour but the negative vote means the airline cannot proceed with the restructring.

Although schedules are continuing as normal t Alitalia said tit was unable to proceed becasue of the negative vote by the workforce and now faces a serious economic and financial situation. " 

* required field

Post a comment

Other Stories
Advertisement
Latest News

CCD to create control rooms for Abu Dhabi’s new Midfield Terminal

CCD Design and Ergonomics has been appointed to design and create four new control rooms at the new Midfield Terminal at Abu Dhabi International Airport.

Ras Al Khaimah wins Middle East’s Leading Adventure Destination 2018’ award

Ras Al Khaimah Tourism Development Authority (RAKTDA) has celebrated two major wins at The World Travel Awards 2018.

Etihad Airways to host AI Robot Sophia at ATM

Etihad Airways will introduce Humanoid Robot Sophia to the UAE as a spokesperson for the future of innovation and technology in aviation at ATM.

İstanbul New Airport will house 451-room hotel to be operated by YOTEL

İGA, the constructer and operator of İstanbul New Airport (İNA) for 25 years,and YOTEL, the London based hotel group, have signed an exclusive hotel management contract.

Emirates wins four gongs at World Travel Awards Middle East 2018

Emirates has been recognised at the World Travel Awards Middle East 2018 with four awards - Middle East’s Leading Airline, Middle East’s Leading Airline Brand, Middle East’s Leading Business Class Airport Lounge and Middle East’s

Emirates Aviation University receives official visit from Dubai Police

Emirates Aviation University has welcomed Major-General Abdullah Khalifa Al Marri, commander-in-chief of Dubai Police at its main campus at Dubai Academic City.

SOFEX SK2018
See us at
Global Aerospace BT2018AirportShow BT1502090518BIAS BT271017161118MEBAA BT1004121218SOFEX BT2018ASDubai BT1004091018Istanbul Airshow BT22018Cargo BT1004091018ArabianTravelMkBT250418GATM BT1004061118