EU rules warning on Alitalia deal
The rescue deal for the Italian airline Alitalia must not breach European Union competition rules, the carrier’s bankruptcy administrator has been warned.
An investment group, the Compagnia Aerea Italiana (CAI), made an offer of £789 million (1bn euros) on Friday, despite the lack of agreement with some unions.
About 3,000 workers will lose their jobs under the rescue plan. The CAI hopes to link Alitalia with a major European airline, but a decision is not expected for several weeks.
Air France-KLM, Lufhansa and British Airways have all been courted as possible partners for Alitalia.
The rescue offer from the CAI came after lengthy talks with Alitalia’s trade unions, which broke down on several occasions.
Alitalia’s bankruptcy administrator, Augusto Fantozzi will study the offer this week, but has said any deal must not violate EU competition rules.
The unions had accepted the CAI’s takeover of Alitalia in principle but the airline’s pilot and flight staff unions have not agreed to the CAI’s detailed terms.
Without a binding rescue offer, Alitalia would have been forced to seek new funding within weeks to keep itself going or risk bankruptcy.EU rules warning on Alitalia deal
The rescue deal for the Italian airline Alitalia must not breach European Union competition rules, the carrier’s bankruptcy administrator has been warned.
An investment group, the Compagnia Aerea Italiana (CAI), made an offer of £789 million (1bn euros) on Friday, despite the lack of agreement with some unions.
About 3,000 workers will lose their jobs under the rescue plan. The CAI hopes to link Alitalia with a major European airline, but a decision is not expected for several weeks.
Air France-KLM, Lufhansa and British Airways have all been courted as possible partners for Alitalia.
The rescue offer from the CAI came after lengthy talks with Alitalia’s trade unions, which broke down on several occasions.
Alitalia’s bankruptcy administrator, Augusto Fantozzi will study the offer this week, but has said any deal must not violate EU competition rules.
The unions had accepted the CAI’s takeover of Alitalia in principle but the airline’s pilot and flight staff unions have not agreed to the CAI’s detailed terms.
Without a binding rescue offer, Alitalia would have been forced to seek new funding within weeks to keep itself going or risk bankruptcy.
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