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Italian government must study Alitalia's industrial plan.

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

The Italian government must study Alitalia's latest rescue plan before it launches the privatisation of its stake in the carrier, according to the country's Labour Minister.

The minister has stated that the government cannot proceed with the privatisation decree following the announcement of the airline's industrial plan. The carrier's board approved details of a three-year plan last week aimed at bringing the airline back to profit and making it suitable to join the proposed merger of Air France and KLM Royal Dutch Airlines.

Meanwhile, Alitalia is keen for the government to launch privatisation - a step KLM says is essential for Alitalia to join the merger agreement, reported Reuters.

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Publication:Airline Industry Information
Geographic Code:4EUNE
Date:Nov 4, 2003
Words:128
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