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Perennial Basket Case Alitalia is on Brink of Collapse

alitalia plane
Apr 25 2017

They’ve been a basket case for years, with powerful unions and a long history of political meddling. Every so often they get a bailout from one place or another. Air France put money in though it was obvious to nearly everyone they’d lose their shirt. They walked away, though leaving the airline even worse of with a joint venture that benefits Delta and Air France more than Alitalia.

Next in line with deep pockets was Etihad, who learned a lesson not to trust promises made by the Italian government and which ultimately pushed out its own CEO in part based on bad investments in foreign airlines. New uniforms, service training for flight attendants, and new business class seats were not going to turn around the airline.

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