Weather Morning: 9°c Sunny spells Afternoon: 10°c Sunny spells

Business

Alitalia in a final push for its rescue

Bill Condie, Evening Standard
29 Sep 2008


Italian national carrier Alitalia today set to work to persuade the two remaining hold-out unions to agree to a government-brokered rescue plan.

The next stage of the process will be for the prospective new Italian owners to start negotiations on selling a minority stake to either Air France-KLM or Lufthansa.

The Anpav union, which represents mainly flight attendants, on Friday became the fifth union to sign up for the sale to a consortium of investors and two pilots unions agreed to the plan on the weekend.

Two other unions, which represent pilots and flight crew, still have not come on board.

The investor group, led by businessman Roberto Colaninno, revived its €1 billion (£792 million) offer for the carrier after the added union support last week.

Reader views (0)

 Add your view

No comments have so far been submitted.


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • Bank to reveal inflation forecast Mervyn King The Bank of England is to give a clearer insight into how deep it expects the current downturn in the economy to sink
  • Sports Direct scores with profits boost and strong online sales Mike Ashley The UK's biggest sporting goods retailer, Sports Direct International, has said third-quarter profits rose 10% on strong online sales
  • Unemployment rate hits 16-year high Job Centre unemployment The UK's unemployment rate increased to a 16-year high today after another rise in the jobless total. The figure jumped by 48,000 in the...
  • Domino's Pizza UK takes a slice of online sales pizza The UK's biggest pizza delivery firm Domino's Pizza UK reported a 14.6% rise in full-year pretax profit, ahead of expectations
  • Thorntons profits slump Thorntons Chocolatier Thorntons posted a lower first-half profit as it needed to discount heavily and spent more on promotional lines to attract...
  • Heineken to begin £657m cost cutting Beer Heineken, the world's third-largest brewer, has launched a €500 million euro ($657 million) cost savings plan, and forecast revenue growth...
  • Morgan Crucible results surge on emerging market growth Morgan Crucible reported highest-ever full-year results, helped by strong performance across both its divisions, and reiterated that 2012 growth would be driven by new products and emerging markets
  • Hotel giant goes for Olympic gold as profits wow the City Intercontinental Hotels Hotelier InterContinental Hotels is looking to emerging markets and especially China to drive future growth
  • Yell dives as print blow outstrips digital leap Yell Beleaguered Yellow Pages directories publisher Yell has seen its shares plunge as much as a quarter after a worse-than-expected slump in...
  • Relief for Sir Mervyn as inflation takes a tumble Osb and mervyn Bank of England Governor Sir Mervyn King has gained a major victory in his battle to bring down the spiralling cost of living as inflation...
  •  
    Market Roundup
    TUESDAY UPDATE

    Valentine's massacre as City dumps Hampson

    No one likes getting rejected on Valentine's Day

    More