Friday, December 01, 2006

Three-way governance on the table for Alitalia


One of the options the Italian government is examining for Italy’s troubled carrier Alitalia would involve a three-way governance for the airline, a top-ranking union official said on Tuesday.

Fabrizio Solari, secretary general of the Filt-Cgil air transport union, explained that the plan would involve the state reducing its stake in the airline from 49.9% to some 25% and allying with an Italian partner and an international one, most likely another airline.

With the Treasury maintaining a 25% stake and an Italian partner holding a similar quota, Solari observed, Alitalia would retain its national character.

Alitalia has been in talks with Air France, which already holds a 2% stake in the Italian carrier, but they appear to have run aground.

See full Article.