Jaunted

Tags: Alitalia / Airline Bankruptcy / Silvio Berlusconi / → All Tags

Adventures of Link: Alitalia *Still* Exists

Maybe we were a little early with this lolspeak macro for Alitalia?

After weeks of financial dealings that make the congressional bailout package look like third grade math, the carrier announced a deal with unions to keep it alive. Now that flight attendants have signed off on the rescue plan, it's time to (attempt to) sell Alitalia off piece-by-piece to investors.

At the very least, the airline has earned a re-up for its license by bringing all its unions on board: Alitalia has permission to fly until at least March 2009--as long as it can come up with the cash to buy fuel.

Related Stories:
· ENAC Confirms Provisional License [AGI]
· Alitalia Investor Board Meeting Thursday [Reuters]
· Unions Clear Way for Relaunch [Guardian]
· Alitalia Rescue Hits Next Stage [FT]
· Flight Attendants Sign Rescue Plan [CNN]