Italy to Nationalize Alitalia in June

By Anna Breuer on 24 April 2020
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The Italian government plans to take full control money-losing Alitalia – Società Aerea Italiana, the country’s flag carrier.

The news was announced by Industry Minister Stefano Patuanelli at a parliamentary committee for transport meeting on Thursday, who said  that the carrier would have been otherwise forced to shutdown amidst the coronavirus pandemic.

Alitalia went into administration in 2017, having already cost Italian taxpayers an estimated €7 billion ($7.6 billion) since an earlier 2008 restructuring.

The airline is the successor to Alitalia – Linee Aeree Italiene, which had been founded in 1947. The airline currently operates a largely Airbus fleet of 93 aircraft and it is a member of the SkyTeam alliance in addition to have a code-share arrangement with Delta Air Lines. The code-share agreement expires on May 24 of this year.

Minister Patuanelli said that the government would form a new company in June to take of the carrier.  He said that the airline would operate a fleet of 90 aircraft, down three from the current fleet size, and also said that the airline might consider joining another alliance once the code-share agreement with Delta expires next month.

(Photo: Accura Media Group)

Accura News

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