Prodi pledges reorganization plan to save Alitalia from bankruptcy
10 October 2006Italian Premier Romano Prodi said Tuesday that the situation at state-controlled Alitalia SpA was “out of control” and promised a new plan by January to save the cash-strapped airline from bankruptcy.
Prodi and key ministers were meeting with union leaders to discuss the airline’s future amid widening financial losses and a series of wildcat strikes that have forced Alitalia to cancel scores of flights in recent weeks.
source: Herald Tribune
