New Alitalia could take off Nov 1
Monday, 29 September 2008
MILAN, Sept 28 (Reuters): A reborn Alitalia could be in place by the start of November after a deal on its rescue was reached with key unions at the weekend, the head of one of the investors buying its core assets told Il Sole 24 Ore newspaper.
"November 1 remains an attainable target for the start of the new journey," Intesa Sanpaolo Chief Executive Corrado Passera told the newspaper in an interview published on Sunday.
Passera, whose bank was initially advising on the latest stage of the drawn-out sale process, said the CAI investor group had made changes to get union agreement to their plans which were "painful" but that were "all logical and compatible with the industrial plan."
"November 1 remains an attainable target for the start of the new journey," Intesa Sanpaolo Chief Executive Corrado Passera told the newspaper in an interview published on Sunday.
Passera, whose bank was initially advising on the latest stage of the drawn-out sale process, said the CAI investor group had made changes to get union agreement to their plans which were "painful" but that were "all logical and compatible with the industrial plan."