Alitalia’s (2nd) (Rome) board of directors yesterday approved a revised business plan, promising “severe cost cuts” to make the Italian airline more profitable but did not include specifics according to this report by Reuters.
Air France-KLM Group, which owns 25 percent of the Italian carrier, voted against the plan but it did not address the long-term debt issue.
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Copyright Photo: Ton Jochems/AirlinersGallery.com. Alitalia’s Boeing 777-243 ER EI-ISB (msn 32859) turns on the taxiway at Los Angeles International Airport.