Latest Silvio Berlusconi Stories
The Italian and German governments have backed a potential agreement which will enable Lufthansa to pick up a minority stake in the beleaguered airline Alitalia, according to Reuters.
By Caroline Brothers and Rachel Donadio Alitalia, the Italian airline, staggered back from the brink of collapse Thursday when the last of its four major unions signed on to a salvage plan, prompting an investor group to revive a euro 1 billion offer that would resuscitate the flag carrier.
Italian prime minister Silvio Berlusconi has called upon key players to hopefully clinch a last-minute deal to rescue Alitalia, as Italy's civil aviation authority ENAC has threatened to scrap the struggling airline's operating license.
By Stephen Brown "I love Italy, I fly Alitalia" was the slogan Silvio Berlusconi, the Italian prime minister, coined after his re-election.
Alitalia cancelled 40 flights yesterday as the troubled Italian airline continued bleeding money. And the government summoned restless unions for what could be the last round of talks to save it.
A STRIKE forced Alitalia to cancel 40 flights yesterday as the bankrupt Italian airline fights for survival. Alitalia's website warned passengers about the four-hour strike, scheduled to last from noon to 4pm (10am GMT to 12pm GMT).
By Caroline Brothers Alitalia appeared to inch back from the verge of bankruptcy Monday as four of its nine unions agreed on the outline of a business plan for the carrier, but negotiations were to continue on the thornier challenge of a new labor contract.
Alitalia's biggest labor unions clinched an initial deal with the airline's potential buyers Monday, raising hopes that it could avoid collapse, but pilots balked and flights risked being grounded for a lack of cash to buy fuel.
By Robin Pomeroy The Italian government scrambled Sunday to save Alitalia from collapse, with the airline warning that it might be required to cancel flights Monday because it could not secure fuel supplies.
By Caroline Brothers The Italian government was making some progress Sunday in brokering a deal that would stave off bankruptcy at Alitalia, the Italian flag carrier, after fears arose that the airline might have to ground flights because suppliers would cut off its jet fuel.
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