The Italian government will take full control of Alitalia [CAITLA.UL] in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone bust due to the coronavirus crisis otherwise.
FILE PHOTO: An Alitalia Airbus A321-100 airplane takes off from the Leonardo da Vinci-Fiumicino Airport in Rome, Italy, June 21, 2018. REUTERS/Stefano Rellandini/File Photo
The International Air Transport Association said last week global airline losses from the coronavirus crisis could total $314 billion this year, representing a 55% drop in passenger revenue compared with last year.Speaking before a parliamentary committee for transport, the minister said the government would create a new company at the beginning of June that would take 100% of the airline.
“Until now Alitalia has been a crystal vase among steel vases. The new company will kick off in the same position as other airlines once the sector restarts,” Patuanelli said, adding the state would decide later whether to keep it under government control.
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