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Italian cabinet approves decree to privatise Alitalia.

AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD

The Italian cabinet has reportedly approved a decree to privatise Italian national carrier Alitalia.

The decree - approved yesterday (13 November) - has been described as a "decisive" step in the airline's turnaround, and is said to be a move that is essential for the carrier to eventually join the merger between Air France and KLM Royal Dutch Airlines.

The cabinet decree is said to offer "wide flexibility" in terms of how the sell-off of the state's 62% stake in Alitalia would take place, reported Reuters.

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Publication:Airline Industry Information
Geographic Code:4EUIT
Date:Nov 14, 2003
Words:104
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