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In Money Matters

Alitalia to be cut in three pieces

27th November 2019

Alitalia to be cut in three pieces Pin It

In attempting to save the ailing Italian airline company Alitalia from collapse, the division of the company into three parts is an option. That is what the Italian newspaper Corriere della Sera writes, without clarifying how concrete those plans are.

Alitalia has been struggling financially for a long time. A rescue plan, looking for investors from the aviation and other sectors, was repeatedly delayed, after which the government stepped in with bridging loans.

In the event of a division, the aviation branch would be placed separately. This component would be the most attractive for potential acquisition candidate Lufthansa. In addition, the parts for aircraft maintenance and ground handling could be split. 5,000 Alitalia employees would be fired in those plans.

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