An Alitalia Airbus A320 aircraft (Photo: [CC BY-SA 3.0 (])

Alitalia Needs to Downsize Before Lufthansa Is Ready To Invest

After the November 21 deadline, the eighth deadline during the past two and a half years of special administration, went by without any offer being presented to the bankruptcy administrators, it is back to the drawing board for Alitalia, the struggling Italian flag carrier looking for a way out of its deepening crisis. The market has spoken: Alitalia in its current shape and size is unable to attract suitable investors and needs some profound, and most likely painful, changes before…