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.
Troubled Italian airline Alitalia got an emergency short term loan of 300 million euros ($478 million) from the Italian government Tuesday, a government official told CNN.
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?
The board of Alitalia has agreed to a buyout by Air France-KLM, a deal that still needs the approval of the Italian government. The problem is, the government is in limbo.
The Italian government paved the way for the sale of state-owned airline Alitalia to Air France-KLM after it gave its blessing to exclusive talks between the two carriers on Friday.
Time is not on Alitalia's side. The ailing airline -- currently in the process of finding a buyer for the Italian government's stake in the business -- hasn't registered a profit since 2002.
U.S. stocks turned higher after a lower start to trading Thursday as investors considered some disappointing retail sales but awaited a plan to combat the subprime mortgage crisis.
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.
Troubled Italian airline Alitalia got an emergency short term loan of 300 million euros ($478 million) from the Italian government Tuesday, a government official told CNN.
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?
The board of Alitalia has agreed to a buyout by Air France-KLM, a deal that still needs the approval of the Italian government. The problem is, the government is in limbo.
The Italian government paved the way for the sale of state-owned airline Alitalia to Air France-KLM after it gave its blessing to exclusive talks between the two carriers on Friday.
Time is not on Alitalia's side. The ailing airline -- currently in the process of finding a buyer for the Italian government's stake in the business -- hasn't registered a profit since 2002.
U.S. stocks turned higher after a lower start to trading Thursday as investors considered some disappointing retail sales but awaited a plan to combat the subprime mortgage crisis.
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.
Much of Italy's transit network came to a halt Friday when about 300,000 employees stayed home from work to protest what they say is a lack of investment in the transport sector.
Air One has pulled out of the bidding for Alitalia citing impossible conditions, leaving Rome's plans to auction the loss-making carrier in tatters ahead of Monday's deadline for final offers.
If you need to contact the following airlines, a comprehensive list of Web links is below. Asia Europe Middle East-Africa North America Pacific Central-South America Airline alliances
You might call Ermenegildo "Gildo" Zegna a sartorial emissary. His mission? To carry Italian elegance to all corners of the world. Since taking over the family business ten years ago, the third-gen...
Alitalia, struggling to avoid bankruptcy, canceled 90 flights Monday due to a 24-hour strike by cabin crews locked in a contractual dispute with the Italian flag carrier.
Shares in Alitalia have soared as the board of the Italian carrier prepared to approve a rescue plan that will cut jobs and slash wages in an effort to avoid collapse.
Italian trade unions have rejected a rescue plan put forward by Alitalia management, intended to turn the airline around with job cuts and a restructured corporate framework.
Italian bus, train and metro workers have gone on strike in various cities on Friday, disrupting transport for a second day in a row over demands for better pay.
EUROPE IN WINTER The season of our discount. European travel is on sale all winter even though museums, theaters and restaurants are largely immune to foul weather, as is much of Southern Europe. U...
Italy is saying arrivederci to its old ingrown way of doing business. For decades, a few powerful Northern families have dominated many huge corporations, as the Agnellis do Fiat, while a giant sta...
EUROPE'S AIRLINES are going to war, albeit reluctantly. They are cutting quick deals with potential allies and whittling their forces to a lean, fearsome core. Says Frederick Reid, a Lufthansa seni...
In about the same amount of time -- 2 1/2 years -- it took Ronald Reagan and Mikhail Gorbachev to agree to eliminate an entire category of nuclear missiles, the Common Market's 12 transportation mi...
The page you requested cannot be found. The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.
Please try the following:
• If you typed the page address in the Address bar, make sure that it is spelled correctly.
• Open the edition.cnn.com home page and look for links to the information you want.
• Use the navigation bar above to find the link you are looking for.
• Click the Back button to try another link.
• Enter a term in the search form below to look for information on CNN sites or the Internet.
Video
