Written on 4^th May 2017

Alitalia files for administration

Given the recent news about Alitalia filing for administration, we recommend travellers to take into careful consideration when making new reservations on Alitalia until the long-term situation becomes clearer.

Below is an official statement from the airline.  Should you require any further information in relation to an existing reservation, please contact your dedicated Travel Executive.

“Alitalia’s shareholders meeting, noted with deep regret the outcome of the referendum among the employees. The negative vote has determined the inability to implement the relaunch and restructuring of the Company.

Italian shareholders and Etihad, based on the strong potential growth of the company, and on an industrial plan which included a structural cost reduction of which two thirds were not related to labour costs, were committed to recapitalise and finance the plan with EUR 2 billion.

This commitment was subject to an agreement with the trade unions, which was rejected by the employees in a referendum.

The Board of Directors, which convened after the shareholders meeting, having acknowledged the serious economic and financial situation of the Company, of the unavailability of the shareholders to refinance, and of the impossibility to find in a short period of time an alternative, has decided unanimously to proceed with the filing for “amministrazione straordinaria” (extraordinary administration) in compliance with the Italian law.

Alitalia’s flight schedule will continue to operate as planned.”

Source: Alitalia