New Alitalia will not be operational until April.
Ita Spa, the new Italian airline that will be born from the nationalization of Alitalia, in insolvency proceedings since May 2017, will not be operational until at least next April, estimated today who will be its CEO, Fabio Lazzerini, in a parliamentary intervention.
See also: Alitalia has cost taxpayers and creditors $8 billion since 2017.
Lazzerini explained that the board of directors that will guide the new healthy airline, which will have an injection of at least 3,000 million euros by the Italian state, is already working on the industrial plan that plans to present to the Italian parliament on 21 December, EFE reported.
See also: Alitalia will resume flights to Brazil and Argentina in December.
In addition to the national authorization, the plan will have to be examined and obtain the approval of the European Commission, so that it can start a new path in line with European regulations on public aid.
All this process takes time and Lazzerini calculated this Wednesday that the new company could already be operational in April 2021.
Four years will have passed in which the airline has been managed by insolvency administrators -first for three and since December 2019 for one- and has not been able to attract any private investor to take over its entire business.
There was interest from airlines such as Germany’s Lufthansa or Britain’s EasyJet for some of its assets, but the Italian government has always defended the need to sell Alitalia as a whole and not in parts.
These airlines, moreover, have called for a readjustment of the workforce, which currently stands at 11,000 workers, and which the unions have opposed at all times.
Alitalia, with no profits since 2002, has received two state loans to guarantee its operations for a total of 1.3 billion euros, to which must be added 400 million in state aid due to the pandemic crisis.
For its nationalization, the government has drawn up a plan that will grant the airline another 3 billion euros in liquidity.
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