Consortium withdraws Alitalia bid

Chairman fails to make offer, raising possibility of airline's collapse.

    Alitalia faces a "very real risk" of liquidation, Italy's labour minister warned on Thursday [AFP]

    Italian news agencies initially reported CAI had withdrawn its offer, but then said there was no confirmation that step has yet been formally taken.

    Ahead of the meeting, Maurizio Sacconi, Italy's labour minister, said Alitalia faced a "very real risk" of liquidation if CAI and the unions could not reach a last-minute decision.

    "I really think the future of Alitalia is hanging by a thread," he said.

    With Alitalia in special administration and running out of cash to buy fuel, the risk that the airline had only days or hours of life left seemed more palpable than ever.

    "There is no room for negotiations left ... liquidation is a very real risk," Sacconi said.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Where are all the women leaders?

    Where are all the women leaders?

    Kamala Harris makes history as US vice presidential candidate, but barriers remain for women in power around the world.

    A new master's house: The architect decolonising Nigerian design

    A new master's house: The architect decolonising Nigerian design

    Demas Nwoko's structures are a model of culturally relevant and sustainable African design.

    Senegal's village of women

    Senegal's village of women

    Women in northeast Senegal are using solar-powered irrigation to farm food and halt the encroaching desert.