Alitalia (Merged)

[Otterman]

Looks like the brilliant unions have signed off on the deal. Not sure what the EU can do in this context, but I would like to be the first to predict that this “new” Alitalia has zero chance of becoming viable. The things that need to be done, won’t.

All that this means is that the same people will blow through this latest bail out in about a year or two, depending on how bad this downturn is going to be (my guess is very bad, and quite prolonged). This will also result in other airlines becoming damaged by having this outfit around. I feel a deep sadness for them being around. Alitalia deserves our scorn, and revulsion. They are not in the same business as the legitimate airlines. What a country.