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Alitalia: urgent bridge-loan and extension of the layoffs

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Alitalia's new liquidity injection: the ministers of Economy Roberto Gualtieri and Economic Development Stefano Patuanelli signed the ministerial decree that provides the bridge-loan of EUR 400 million. Payment implemented in advance of treasury for urgency, to prevent the Italian carrier from having to land the planes due to lack of liquidity. Alitalia would have run out of availability and, according to "Il Sole 24 Ore", the cash would be negative if there were no advances for tickets already sold for future flights.

On the worker front, the national secretary Filt CGIL, Fabrizio Cuscito said: "We signed a layoff agreement valid until March 23, reducing the numbers of workers on the payroll to 1020 (compared to 1180 requested by the air company at first, Editor's note), giving stability to work in Alitalia for the next few months, and allowing the recovery of workers currently out of the production cycle, we are now waiting to meet Commissioner Leogrande to understand how he intends to enhance the company and bring to completion the process of birth of the new company which for us must be in the sense of growth and development".

The national secretary of Uiltrasporti, Ivan Viglietti added: "Today's agreement simply represents the extension of the CIGS (Extraordinary Wages Guarantee Fund) for the big business crisis already in force since May 2017 and has no relevance to the future industrial plan of Alitalia, for which instead the confrontation with the Government and with the new commissioner has yet to be initiated".

The Chamber's Transport Commission, which assesses the EUR 400 million Alitalia-saving decree, set the hearing for Lufthansa on January 7 at 1:45 pm. Immediately after the German carrier there will be the hearing by the new commissioner Giuseppe Leogrande.

RC3 - 1226791

AVIONEWS - World Aeronautical Press Agency