Originally Posted by
AlicorporateUK
True. Also and regardless of what they are trying to get at this stage, no one would be willing to take-over the massive debt. Alitalia had 2 big chances (even before Etihad) to play a significant part in the industry and namely -
1. The failed merger with KLM (FYI and a useful link for those who are too young to remember:
http://ec.europa.eu/competition/merg...ns/jv19_en.pdf);
2. The proposal from the Air France-KLM group back in 2008, under which they would have cleared the debt and with only a tiny reduction in terms of workforce.
Sadly, we all know the outcomes for each of the above.
G
And the latter and to a lesser extent the former) due to misplaced nationalism by politicians and a failure to said politiicians and Unions to acknowledge that the world had changed since the 1970s. Not so much Caporettan capitulation as Pyrrhic victory. One day, history books will be full of the damage Berlusconi will have caused Italy, both economically and politically but I guess that discussion is for OMNI rather than this board.