Italian flag carrier Alitalia has delayed a crucial meeting of its shareholders, as it teeters on the brink of insolvency. The Rome-based airline’s workforce earlier this week rejected an agreement hammered out between union leaders and the company that would have seen staff numbers and salaries cut at the loss-making carrier. Agreement to the terms would have unlocked a €2 billion ($2.2 billion) recapitalization package supplied by major stakeholders, including 49% shareholder ...

Subscribe to Access this Entire Article

"Alitalia delays shareholder meeting " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.