Talks between the Italian government and the European Commission (EC) on the future of Alitalia are at a ‘crucial’ stage, according to Bloomberg. The Italian carrier went bankrupt in 2017, and the consortium created to oversee its future strategy, Italia Trasporto Aereo SpA (ITA), has been requested to provide clarity to the EC on aspects of the airline’s 2021-25 business plan. The commission is apparently seeking assurances that the future strategy of the carrier will provide ‘economic discontinuity’ from the…
Ailing Italian flag carrier Alitalia has hit another bump in the process that was set to see the newly-formed state-owned company Italia Trasporto Aereo (ITA) take over Alitalia's main assets and flight operations and then receive a 3 billion euro ($3.6 billion) fund injection from the country's government. The ITA…
German-based Lufthansa Group announced that the German government had approved a large financial stabilization package for the airline group in response to the COVID-19 pandemic. The total package will equate to about 9 billion euros ($9.8 billion) for the operating group. Along with Germany, Lufthansa owns airlines in Austria, Switzerland…
The discussion on the aviation industry’s impact on climate change continued in Europe this month with the conclusion on Sunday of a two-week United Nations climate conference (COP 25) in Madrid and the European Commission (EC) releasing a "European Green Deal" last week. Airline executives were watching both events closely…
