Tags: APFN | EU | Italy | Alitalia

Atlantia Chosen to Help Relaunch Italy's Alitalia Airline

Atlantia Chosen to Help Relaunch Italy's Alitalia Airline

Tuesday, 16 July 2019 12:38 PM

ROME (AP) — The Italian state railway running Alitalia has chosen the Atlantia group of the Benetton empire as the key partner to work with the railway, the Italian treasury and Delta Air Lines in trying once again to relaunch the struggling flagship carrier.

Ferrovie dello Stato said its board met Monday and settled on Atlantia after three other offers arrived.

Alitalia declared bankruptcy two years ago and has long suffered from competition from low-cost carriers, unable to establish itself as a player in lucrative, long-haul aviation routes.

Atlantia is the controlling company of Autostrade per l'Italia, which operates highways and the Genoa bridge that collapsed last year, killing 43 people.

Atlantia's board was under pressure to agree to help save the loss-making Alitalia, given that poor bridge maintenance has been blamed for the Genoa tragedy.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
The Italian state railway running Alitalia has chosen the Atlantia group of the Benetton empire as the key partner to work with the railway, the Italian treasury and Delta Air Lines in trying once again to relaunch the struggling flagship carrier.Ferrovie dello Stato said...
APFN,EU,Italy,Alitalia
135
2019-38-16
Tuesday, 16 July 2019 12:38 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved