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Alitalia could lose operating licence - claim.

AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Italian airline Alitalia faces the prospect of losing its operating licence this week unless a new rescue plan can be arranged.

The chairman of Italy's civil aviation authority ENAC has said that the struggling airline is currently flying with a temporary licence and this will be suspended if a new financial plan is not presented within three to four days.

Investment consortium CAI withdrew its EUR1bn bid for Alitalia last week after a majority of the company's nine unions failed to agree to its rescue plan, which would have resulted in around 3,000 job cuts.

Alitalia's special administrator Augusto Fantozzi has confirmed that British Airways, Air France and Germany's Lufthansa have all declined the opportunity to make an offer to buy the airline or its assets.

Italy's Prime Minister Silvio Berlusconi has said that Alitalia could be "heading towards bankruptcy procedures".

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Publication:Airline Industry Information
Date:Sep 22, 2008
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