Trending Today:
Message From: Asif Ali Zardari | President Of The Islamic Republic Of Pakistan
Message From: Muhammad Azeem Qureshi | Seasoned & Senior Hotelier of Pakistan
Message From: Muhammad Shehbaz Sharif | Prime Minister Of The Islamic Republic Of Pakistan
  • Aviation
    • Airlines
    • Airports
    • CAA
    • PIA
  • Hotel/Lodges
    • Destination Pakistan
    • Events
    • Food & Beverages
    • Restaurants
  • Pakistan Tourism
    • News
    • Expos & Events
    • Rails & Roads
    • Mountains
    • Organizations
  • International Tourism
    • Cruises
    • Destination
    • Expo & Events
    • News
    • News Destination
    • Organizations
    • Technology
  • Advertise
  • E-papers
  • Newsletter
  • Aviation
    • Airlines
    • Airports
    • CAA
    • PIA
  • Hotel/Lodges
    • Destination Pakistan
    • Events
    • Food & Beverages
    • Restaurants
  • Pakistan Tourism
    • News
    • Expos & Events
    • Rails & Roads
    • Mountains
    • Organizations
  • International Tourism
    • Cruises
    • Destination
    • Expo & Events
    • News
    • News Destination
    • Organizations
    • Technology
  • Advertise
  • E-papers
  • Newsletter
Home»Airlines»Free From Debt | Alitalia is Ready To Fly Again
Airlines

Free From Debt | Alitalia is Ready To Fly Again

holidayweeklyBy holidayweeklySeptember 15, 2021No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

ROME: Italy’s new state-backed airline, Italia Trasporto Aereo, will seek to buy the Alitalia name in time for its start of service in mid-October. A market-price auction of the brand was outlined in a decision released Friday last by the European Commission.

It’s one of the measures required in order to consider ITA a separate entity from the 74-year-old Alitalia, which is being wound down after losing money for decades. The sale of the iconic name could take place as soon as next week.

Transferring control of the brand to ITA has been a key goal of the government in Rome as it seeks to retain Alitalia’s identity while giving the new, smaller airline a fresh start.

But the European Union’s antitrust chief, Margrethe Vestager, insisted that the economic interests of the new carrier be separated from its deeply indebted predecessor. The sides wrangled for months over matters including routes, staffing, and equipment.

The Alitalia brand dates back to 1947 when a Fiat G-12 plane took off from Turin and landed at Sicily’s Catania airport after a stop in Rome.

It “will be sold in an open, transparent, non-discriminatory, and unconditional tender to the highest bidder,” the EU directed Friday in a statement. “ITA will be able to bid in competition with other bidders.”

A quick sale could favor ITA, which inherits planes already outfitted with Alitalia’s green, white and red livery.

The short time frame limits the time potential rivals will have to assess any competing bids for the brand. The new airline has ready access to cash – Italy can inject €1.35 billion (US$1.6 billion) into it over the next three years.

A spokesman for ITA declined to comment.

ITA will start operations on October 15. Its chairman, former Fiat Chrysler executive Alfredo Altavilla, plans a much leaner company with no more than 2,800 workers focused on the most profitable routes.

But the new company won’t be responsible for Alitalia’s debt, including €900 million of Italian subsidies that were ruled illegal.

The Irish carrier has criticized state rescues of Alitalia and other national favorites as unfair while coronavirus-related travel restrictions slam the entire industry.

“We have two fixed points on Alitalia,” Deputy Finance Minister Laura Castelli said Friday.

Post Views: 54
volume 88-2021
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
holidayweekly
  • Website

Related Posts

Message From: Asif Ali Zardari | President Of The Islamic Republic Of Pakistan

September 28, 2025

Message From: Muhammad Azeem Qureshi | Seasoned & Senior Hotelier of Pakistan

September 28, 2025

Message From: Muhammad Shehbaz Sharif | Prime Minister Of The Islamic Republic Of Pakistan

September 28, 2025
Leave A Reply Cancel Reply

Top Posts

Time to meet the Muppets on the Muppet

July 12, 2018

The world don’t move to the beat

July 12, 2018

You would see the biggest gift woud be from me and the card

July 12, 2018

TAAP & TURSAB Praiseworthy Efforts for Mutual Tourism; Turkish CG

March 2, 2017
Don't Miss
Latest News

Message From: Asif Ali Zardari | President Of The Islamic Republic Of Pakistan

By holidayweeklySeptember 28, 2025

Theme: “Tourism and Sustainable Transformation” Today, as we join the global community in celebrating World…

Message From: Muhammad Azeem Qureshi | Seasoned & Senior Hotelier of Pakistan

September 28, 2025

Message From: Muhammad Shehbaz Sharif | Prime Minister Of The Islamic Republic Of Pakistan

September 28, 2025

Virgin Atlantic To Restart | Flights to Karachi, Islamabad and Lahore

September 28, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Email Us: info@example.com
Contact: +92 321 9264 080

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Message From: Asif Ali Zardari | President Of The Islamic Republic Of Pakistan

September 28, 2025

Message From: Muhammad Azeem Qureshi | Seasoned & Senior Hotelier of Pakistan

September 28, 2025

Message From: Muhammad Shehbaz Sharif | Prime Minister Of The Islamic Republic Of Pakistan

September 28, 2025
Most Popular

Time to meet the Muppets on the Muppet

July 12, 2018

The world don’t move to the beat

July 12, 2018

You would see the biggest gift woud be from me and the card

July 12, 2018
© 2025 Weekly Holiday. Designed by Haseeb Ansari.

Type above and press Enter to search. Press Esc to cancel.