Alitalia Expects Mid-January Relaunch

Source : Aviation Week

"A group of Italian investors have finally taken possession of Alitalia’s assets, a major step in the carrier’s transformation that could culminate in a relaunch as soon as Jan. 12. The investor group, known as the CAI consortium, paid about EUR1 billion (roughly US$1.4 billion) for the carrier’s operations. Under a restructuring plan, Alitalia will now be merged with Air One, Italy’s second-largest operator. According to reports from a Dec. 12 press conference, CAI Chairman Roberto Colaninno said the company is still talking with Air France-KLM and Lufthansa about selling a 20% to 25% stake in the new airline." Next.