A strike at Alitalia grounded 200 flights

News Hour:

A strike at Italian carrier Alitalia, placed into administration earlier this month, grounded 200 flights on Sunday, the airline said, adding it managed to reassign some 80 percent of passengers affected.

Alitalia, which has been stacking up losses for years, was placed in administration on May 2 at the demand of shareholders after staff rejected a two billion euro ($2.3 billion) rescue plan involving pay cuts and 1,700 job losses, reports BSS.

  Learn about the COVID-19 pandemic from News Hour  

Having ruled out nationalization, the Italian government is looking for a bidder for the company, in which UAE carrier Etihad Airways has a 49 percent stake.

Sunday’s strike, which affected domestic and international flights, came with talks underway on conditions surrounding the shedding announced midweek of 1,358 of the airline’s 12,500 staff.

At the start of May, the government agreed a 600 million-euro bridging loan to keep Alitalia’s planes flying for around six months while administrators decide whether to sell part or all of the company or liquidate it.

Minister of economic development Carlo Calenda ruled out nationalization earlier this month saying Italian citizens “have already paid 7.5 billion euros over the past few years in attempts to rescue Alitalia.”

Despite a wave of fare promotions, Alitalia has been struggling amid the uncertainty over its future as customers increasingly look to rival carriers.

Follow News Hour
News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments
Scroll Up
%d bloggers like this: