European Cargo: grounded by financial pressure and an unforgiving market
European Cargo’s collapse appears to have been driven by a combination of rising operating costs, ...
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By Alex Lennane
There appears to be new confidence over the future of Alitalia. The Italian carrier declared bankruptcy in May 2017 and has been seeking investors since, but the government wanted a majority to stay in Italian hands. Government conditions include a state presence in the company that would run Alitalia, with direct input from the economic development ministry and the participation of Italian state railway company Ferrovie dello Stato and US carrier Delta. Offers from private entities will make up 100% of the new company, according to ATW.
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