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Prodi pledges reorganization plan to save Alitalia from bankruptcy

10 October 2006

Italian 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

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