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Italian Labour Minister says delayed rescue plan would force Alitalia out of business.

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

Italy's Labour Minister has stated that waiting three months for a rescue plan for Italian carrier Alitalia would force the airline out of business.

In a statement quoted by Italian newspaper La Stampa, the airline said that its 2004-2008 industrial plan would not be ready "before two or three months". However, Labour Minister Roberto Maroni said that "keeping the airline waiting for three months would be condemning it to closure."

Maroni also said that job losses at the airline could be considerably more than figures previously mentioned, reported Reuters.

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Publication:Airline Industry Information
Date:Jun 1, 2004
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