Air carriers are watching the situation at Japan's Fukushima Daiichi nuclear power plant closely, making contingency plans and routing adjustments to keep operations running smoothly and protect passengers and crew from radiation risks.
A group of Italian investors who had withdrawn their billion-euro plan to rescue ailing national air carrier Alitalia have put the offer back on the table after one of Italy's largest trade unions agreed to the deal, the airline's special commissioner said Thursday.
Italian Prime Minister Silvio Berlusconi canceled his trip to attend this week's United Nations General Assembly so he can personally follow the crisis involving national air carrier Alitalia, senior government officials said Tuesday.
A group of Italian investors has withdrawn its €1 billion ($1.4 billion) offer to save Alitalia -- putting the future of Italy's flagship airline in serious jeopardy, the company's board of directors said Thursday.
Italian prime minister-elect Silvio Berlusconi believes Italian investors are ready to bid for ailing airline Alitalia -- but also warned that workers for the national airline faced job cuts, agencies report local media as saying.
The future of Alitalia looked increasingly shaky this week after Air France-KLM withdrew its takeover offer. In a statement, the French-Dutch carrier said its struggling Italian counterpart had failed to fulfill the "legal situation" after talks over a negotiation were broken off earlier this month.
When Allison Fagerness' flight to Rome is canceled, she's forced to call off her vacation and return home. Her online travel agent, Expedia, promises a refund, but her airline, Alitalia, won't pay. What should she do?
U.S. stocks were poised to extend their rally Thursday as investors were cheered by a plan to offer aid for troubled homeowners and a continued slide in oil prices, while awaiting sales reports from major retailers about the start of the holiday shopping season.