Alitalia Shuts Down After 75 Years… Long Live Alitalia

By Kurt Stolz on 15 October 2021
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Alitalia, Italy’s flag carrier, following years of rescue attempts and losses, operated its final flight Thursday night, only to be replaced by… Alitalia.

Italia Transporto Aereo, a new, state-owned carrier, quietly began operations Friday morning under the storied Alitalia name, having acquired from the once glamorous airline, a symbol of the country’s culture and culinary arts, for €90 million ($104.3 million), one third of what Alitalia was hoping for.

Founded as Alitalia – Linea Aeree Italiane in 1946 shortly after the end of the Second World War, the airline had been in extraordinary administration since 2017 after years of not turning a profit.

The airline ended only one year since the turn of the century in the black, and the Italian government has spent more than €8 billion just in the past three years.

Alitalia announced plans to shut down in late August and it transferred its assets and operations to ITA on Thursday.

(Photo: Accura Media Group)

Accura News

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