Alitalia Italian Government
The European Union has given Italy permission for a 135 billion-euro injection of government funding into the new carrier which only plans to hire around a quarter of Alitalia. With this plan well see Italys Ministry of Economy and Finance form a new state-owned business to run Alitalia.
News Surfaced On Friday That The European Union Is Investigating A 400 Million Loan From The Italian Government The European Union Investigations Loan
Last July the EU approved the plan proposed by the.
Alitalia italian government. However Alitalias legacy of high costs mismanagement and heavy political and trade union influence may be hard for ITA to shrug off. This gave the company an unfair advantage over competitors forcing Alitalia to pay everything back to the Italian. Economic Development Minister Stefano Patuanelli told the Senate the money was aimed at turning the struggling company into the national airline it had been throughout much of its 74-year history.
Since March 2020 Alitalia has been owned entirely by the Italian Government and later in the same year the idea of reincorporating itself under a new name ITA emerged. New state-owned carrier Italia Trasporto Aereo ITA took over from Alitalia on Friday permanently grounding the 75-year old one-time symbol of Italian style and glamour after years of. The Italian government plans to take control of Alitalia a draft decree seen by Reuters showed on Monday as the loss-making carrier risks going belly up due to the impact of the.
Alitalia being renationalized. Alitalia a one-time symbol of Italian style and glamour brought low by economic mismanagement will operate its last flight on Thursday after 75. Italys new national airline took to the skies for the first time on Friday morning putting an end to the 75-year-old bankrupt Alitalia.
Italy must now recover this amount from Alitalia Commissioner Margrethe Vestager said in the ruling. ITA will also drop its predecessors loss-making routes. Troubled flag carrier Alitalia will become once again a state-owned airline as a result of a new decree signed on Monday by Italian Prime Minister Giuseppe Conte as part of a relief package to support the economy in a.
The Italian Government recently announced that the national carrier Alitalia will discontinue operations on 15 October to be replaced with a. The Italian government has today announced a variety of ways in which theyll provide aid to businesses and among those is 600 million of additional funding for Alitalia. An early morning flight that touched down in the.
At the same time Brussels ordered the Italian government to recover 900 million euros 101 billion US dollars from Alitalia saying that a probe concluded that the money constitutes illegal state aid. The airline is fully owned by the Government of Italy since 17 March 2020. The ministry said the.
Alitalias last flights are expected to operate up until then. Italys Economy Ministry announced in July that a new airline to replace Alitalia would launch on Oct. Instead the government decided to nationalize the airline in 2020.
Alitalia will cease operations on October 15 2021 passing the baton to ITA. The new carrier in which the government will invest 135 billion euros over three years will start with 52 jets and 2800 employees. ITA won Alitalias iconic brand for 90 million.
The national carrier will be replaced by Italia Transporto. Alitalia will be replaced by state-owned ITA Italia Trasporto Aereo which will begin flying on October 15th after being given the green light by Italys civil authorities. Struggling airline Alitalia looks set to have its future assured as the Italian government is reported to be preparing to inject more than 3bn into the carrier.
The company has its head office in Fiumicino Rome. Meanwhile the government provided several bridging loans. Alitalia - Società Aerea Italiana SpA operating as Alitalia Italian pronunciation.
Alitalia Società Aerea Italiana SpA the Fiumicino-headquartered Italian legacy carrier had winded up its operations on Thursday after 75 turbulent years as the blocs third-largest economys far-right opposition party Brothers of Italy had laid the blames on former ECB Chair PM Draghis Government. Today we are just 6 weeks away from Alitalias last flight and ITAs first which is taking off on the 15th of October. This comes as the airline reaches an agreement to furlough more than 6000 workers until the end of October and has cut its last long-haul route until at least June.
The Commission said two loans granted to struggling flag carrier Alitalia by Italy in 2017 totaling 900 million 11 billion are illegal under state aid rules. The Italian government announced plans on Thursday to inject at least three billion euros 32 billion into Alitalia to help save it from collapse in the face of the coronavirus pandemic. The launch of a nimbler carrier leaves a question mark over the future of more than 7000 Alitalia workers who will be put under a temporary lay-off scheme paid for by the government until at least the end of 2022.
The first of 900 million euros in 2017 was disguised state aid according to the European Commission. Aliˈtaːlja is the flag carrier and largest airline of Italy. Government-owned Alitalia is ceasing operations on October 15 after failing to secure investors marking the end of its 74-year era.
Italian Government Renationalizes Alitalia.
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