Italy close to revealing Alitalia plan

Egypt News.Net
Saturday 26th July, 2008

Italy’s Industry Minister Claudio Scajola has told the press that Italy is close to a rescue plan for the near-bankrupt airline Alitalia.

At the same time, he did not rule out the possibility that the state-controlled carrier could be placed into administration.

The minister said: 'I think we’re getting near to a solution to be able to relaunch a company with Italian capital.'

There has been speculation that Alitalia will be put into administration to lose its debts and a new company merged with smaller Italian airline AirOne, cutting 4,000 workers along the way.

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