PARIS–Alitalia plans to save €1 billion ($1.1 billion) over three years and to cut 20 aircraft from its narrowbody aircraft fleet by 2018, the troubled Italian flag carrier revealed in a long-awaited turnaround plan approved by its board. The airline has been struggling in the face of competition from LCCs. It said these carriers represent 47% of the Italian air travel market, the highest penetration in Europe. Alitalia is also facing pressure from 49% shareholder Etihad Airways ...

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