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Alitalia to be nationalized again


The "Cura Italia" decree includes provisions to nationalize the Italian flag carrier after years on the verge of bankruptcy and failed privatization attempts. 500 millions of euros of public funds have been granted to support the airline

The “Cura Italia” decree includes provisions to nationalize the Italian flag carrier after years on the verge of bankruptcy and failed privatization attempts. 500 millions of euros of public funds have been granted to support the airline

An Alitalia passenger aircraft prepares to land at Fiumicino International airport in Rome, Italy. REUTERS/Max Rossi

A new chapter has been added to the history of Alitalia, a history rich of privatization attempts, insolvency procedures and failed mergers and alliances. The details of this new chapter are specified in the “Cura Italia” decree, which include provisions and measures to support the Italian economy during the pandemic, and that was published on March 17. Half a billion of euros have been granted to support Alitalia and other airlines registered in Italia. A public-owned NewCo has been created and is expected to take over operations from Alitalia. As such, Alitalia will be nationalized once again, after years of insolvency procedures, while the search for a potential buyer has been temporarily suspended.

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