Italy's formerly preeminent airline might not survive its latest crisis
Once gain, Alitalia, the perennially ailing Italian carrier, finds itself in the unenviable position of needing to restructure. It must come to terms with the fact that it needs new investors and a strong partner. Being a SkyTeam member has not brought about the salvation the carrier hoped for, and the survival plan put in place in the late 1990s, although welcome, certainly does not ensure a workable future. In the short term, Alitalia, which posted a â‚¬294 million ($397 million) loss in the ...
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