After failing to secure investors, government-owned Alitalia will cease operations on October 15. This marks the end of its 74 year-old era.
Italia Transporto Aereo will replace the national carrier. This new airline, which is independent from Alitalia, will not be responsible to pay the debt owed by the old carrier.
ITA plans to buy 52 Alitalia aircraft and acquire its slots at Milan Linate, Rome Fiumicino, and hire more than 2,500 employees.
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Alitalia officially closes its doors after a long period of trying to secure investors.
After 74 years of service, Italy's national carrier Alitalia is now in a difficult position. It has been plagued by financial difficulties, strikes among employees, and other adverse events. The airline has committed to refunding all passengers booked on flights after October 14th and stopped selling tickets in August.
Italia Transporto Aereo, Italy's flag carrier, will replace the airline on October 31st.
We take a look at Alitalia’s rich history and present the plans for its successor.