Economy

Italian flagship airline on the verge of bankruptcy (again)

Alitalia ad.

Alitalia ad.

The Italian flagship airline Alitalia received a State-sponsored bailout four years ago. On that occasion, the Italian Government went to great lengths to ensure that the airline remained in Italian hands.

Alitalia is still losing 630,000 euros a day, however, according to Italian newspaper La Repubblica.

During the first bailout, Air France offered to purchase the airline, but was turned down for patriotic reasons. This time, a new offer from the French flagship airline could be more welcome… if it is forthcoming.

Alitalia was founded in 1946, initially using FIAT and Savoia-Marchetti planes.

In addition to being the Italian flagship airline, Alitalia is also the official airline of the Holy See.

Pope Benedict XVI  waves from the steps

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One thought on “Italian flagship airline on the verge of bankruptcy (again)

  1. Pingback: High-speed trains prove competitive in Italy | Italian Insight

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