EUROPE & CIS: ‘New’ Alitalia takes to the skiesya

“We picked the assets, we didn’t take the debt. The cost of redundancies is covered by the government, and we have new employment contracts,” Gourgeon said. He added that by establishing the new airline now, amid a deep industry crisis, the operation should be well positioned for growth. The agreement will give Air France- KLM […]


“We picked the assets, we didn’t take the debt. The cost of redundancies is covered by the government, and we have new employment contracts,” Gourgeon said. He added that by establishing the new airline now, amid a deep industry crisis, the operation should be well positioned for growth.

The agreement will give Air France- KLM “the best possible access to the Italian market,” Gourgeon added. He acknowledged that Alitalia, recently merged with Italian rival Air One, faces a challenge in regaining its footing after foreign rivals expanded their hold on the rich Italian market over recent years.