Italian Economy Minister Daniele Franco told parliament during a hearing on Monday that the country hopes to “close by the end of the month the negotiations with the European Commission for the relaunch of the Italian national airline Alitalia.”
“The Commission recognises the industrial plan that will allow the new company Ita to be competitive in discontinuity with the old Alitalia. This will involve a difficult transition of the various assets of Alitalia, but some will switch to Ita with auctions,” said the minister.
“We hope that the brand must pass and can pass through the new company. We will have a transition phase and we are trying to ensure that the summer season won’t be compromised,” he added.
Elaborating on the transition between the old and the new airline on Sunday, Economic Development Minister Giancarlo Giorgetti explained that it “won’t be simple and painful, with all the doubts of a market that will be redesigned”.
The new company will be entirely publicly owned, and Giorgetti recalled that in the last year “even giants such as Air France and Lufthansa had to resort to injections of public capital”.
The new Alitalia-Ita will not have to compete with low-cost airlines and “will necessarily have to find an international partner with whom to create synergy in the global context of connections”, on whose conditions “there is no certainty”. (Daniele Lettig | EURACTIV.it)