Already 8.000.000.000 euros, yes you read correctly 8 billion euros as disclosed today by the news, poured by governments over 2 decades;
Squandering taxpayer money, just to avoid social and political unrest. Years ago authorities and unions snatched a scheme which allowed unprecedented unemployment benefits of 80% of salaries for 7 years for a large part of the staff to be laid off..
And here they come (Today) with the usual loan (Taxpayer money) of 600.000.000 euros which will never be paid back, just to postpone the inevitable fate..
Sad for those, and there are and were many, quailfied professionals who soon or later will pay dearly. Sad for an airline which was Italy's pride for more than half a century.
Nepotism which is the leprosy of Italy, political wrongdoings known to undermine any enterprise in the country will prevent a possible recovery, add wrong strategical decisions, failure to adapt to a changing environment, and the fate is sealed, but when will that happen ?
In the meantime, there are pressures to find a buyer within 6 months, to handover this mess, so as to involve a foreign operator in the quest for implementing those impossible reforms..
Will there be any interest ?