Thursday, July 18, 2024

Alitalia in administration as workers reject restructuring plans

Alitalia has entered ‘extraordinary administration’ after workers rejected its restructuring plans to save €2 billion ($2.1 billion). It says shareholders and Etihad Airways, which owns 49 per cent of shares had created an industry plan to reduce structural costs of which two thirds were not related to labour costs, and were committed to recapitalise and […]