Alitalia files for bankruptcy The Italian government will sell Alitalia. Budget Travel Friday, Aug 29, 2008, 1:10 PM Budget Travel LLC, 2016

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aug 29 2008

Alitalia files for bankruptcy

As we predicted, the money-losing Italian national airline Alitalia is seeking bankruptcy protection. Government officials say they'll sell much of their share of the airline to a bunch of investors who will buy parts of the airline and create a smaller leaner one.

Bloomberg News hints that Air France/KLM may be one of the investment group, but that private Italian airline Air One (which we've blogged about before) will be the main merger partner.

In the meantime, if you already have tickets booked on Alitalia, don't worry. Your flights should take off as planned. But be sure to sign up for flight alerts, as schedule changes may occur if any protests by airline workers happen.


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Note:This story was accurate when it was published. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.


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