Italian authorities will help Alitalia
Authorities of Italy hope for successful re-structuring of airline-bankrupt Alitalia up to the end of November 2008. Thus within September it is planned to find the foreign partner, which will agree to take part in re-structuring. Alitalia Extraordinary Administrator Augusto Fantozzi, appointed to this post after the announcement of a financial inconsistency of an air carrier, has informed on it.
According to his words if everything will go under the plan, in the beginning of November we can see new Alitalia.
At the same time Augusto Fantozzi supposes the pessimistic script at which the Italian aviation trade unions will block the governmental plan on of company’s actives rescue. Trade unions are dissatisfied with losses of workplaces, which is a part of the plan. According to the Italian mass-media, in result of re-structuring from 5 up to 7 thousand employees of airline can lose their workplaces.
Details of the plan of Alitalia re-structuring, which has been given to the Italian government, officially are not promulgated yet. However, according to the mass-media messages, the government is going to divide Alitalia on two parts: profitable actives will be sold to the new company, created under these purposes by group of large Italian investors, whereas unprofitable actives will be gradually liquidated through procedure of bankruptcy.
