Alitalia kicks off bankruptcy proceedings

5/4/2017

The Italian airline Alitalia has filed to be put under special administration due to the workers’ rejection to the airlines latest rescue plan. The flight schedule remains unchanged.

The Italian government has granted the company a loan for six months to see it through the bankruptcy process. The government has also appointed three commissioners to assess whether Alitalia can be restricted, either as a standalone company or through a partial or total sale, or else liquidated.

Alitalia announced on Twitter that the company's turnaround plan has no impact on current or future flight schedule and that purchase of new tickets can be done as always through their website.

Read more about your right to compensation when you are affected by an airline in bankruptcy.

Source: Reuters