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Italy scrambles to save bankrupt airline Alitalia
Yahoo & AP ^ | 9/14/08

Posted on 09/14/2008 4:32:31 AM PDT by Dr. Scarpetta

ROME - The Italian government is holding emergency talks with unions and investors over a plan to save Alitalia as the bankrupt airline risks having to ground flights for lack of fuel.

The rescue plan would have investors buying profitable assets and investing $1.4 billion amid wage cuts and layoffs that are opposed by the unions.

The government is mediating emergency talks that started Saturday and resumed Sunday morning.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: airlines; alitalia; bankruptcy; europe

1 posted on 09/14/2008 4:43:06 AM PDT by Dr. Scarpetta
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To: Dr. Scarpetta

"Alitalia workers (R), walking past travellers waiting to check-in, cheer as ticket agents walk off the job during a protest march through Fiumicino airport in Rome September 14, 2008."

2 posted on 09/14/2008 10:37:26 AM PDT by Dr. Scarpetta
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"Alitalia workers listen to a union leader during a protest march through Fiumicino airport in Rome September 14."

3 posted on 09/14/2008 10:39:15 AM PDT by Dr. Scarpetta
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Alitalia workers march through Fiumicino airport during a protest in Rome September 14.

4 posted on 09/14/2008 10:42:18 AM PDT by Dr. Scarpetta
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