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February 6, 2008 |
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ALITALIA SPA: To Give up Around 180 Milan Malpeansa Slots Alitalia S.p.A. will release around 180 of its 357 slots at Milan's Malpensa airport as part of its downscale strategy, Thomson Financial reports, citing an official at Italian slot coordinator Assoclearance. Alitalia said the slots are unused ones during the summer season, which starts March 30, 2008, and ends Oct. 25, 2008. The Assoclearance official, however, stressed that the released slots are not for sale. About Alitalia Headquartered in Rome, Italy, Alitalia S.p.A. -- http://www.alitalia.it/ -- provides air travel services for passengers and air transport of cargo on national, international and inter-continental routes. The Italian government owns 49.9% of Alitalia. The company has operations in Argentina. Despite a EUR1.4 billion state-backed restructuring in 1997, Alitalia posted net losses of EUR256 million and EUR907 million in 2000 and 2001 respectively. Alitalia posted EUR93 million in net profits in 2002 after a EUR1.4 billion capital injection. The carrier booked annual net losses of EUR520 million in 2003, EUR813 million in 2004, EUR168 million in 2005, and EUR625.6 million in 2006. Italian Transport Minister Alessandro Bianchi has warned that Alitalia may file for bankruptcy if the current attempt to sell the government's 49.9% stake fails. |
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