New Italian airline to take off on October 15

jordantimes.com
3 min read
fairly difficult
MILAN — Tough talks between Italy and the European Commission on a plan to replace struggling Alitalia have laid the groundwork for a new, streamlined flag carrier, the economy ministry said on Thursday.Italia Trasporto Aereo (ITA) "will be fully operational" as of October 15, after Rome reached a "constructive and balanced solution" with Brussels, it said in a statement.The new airline had initially been expected to launch in August, during the peak tourism season, but talks with the Commission dragged on even after a preliminary deal was reached in May.
Italy struck a deal with the European Commission over the bailout of its national airline, Alitalia, the economy ministry said on Thursday (AFP file photo)

MILAN — Tough talks between Italy and the European Commission on a plan to replace struggling Alitalia have laid the groundwork for a new, streamlined flag carrier, the economy ministry said on Thursday.

Italia Trasporto Aereo (ITA) "will be fully operational" as of October 15, after Rome reached a "constructive and balanced solution" with Brussels, it said in a statement.

The new airline had initially been expected to launch in August, during the peak tourism season, but talks with the Commission dragged on even after a preliminary deal was reached in May.

The Commission, charged with policing state aid in the EU, is examining 1.3 billion euros ($1.5 billion) in state funds provided to Alitalia in 2017 and 2019.

On Thursday, the Commission said only that it had taken note of the Italian announcement and reiterated that it had "reached a common understanding on the key parameters to ensure economic discontinuity between ITA and Alitalia.

"The Commission remains in close contact…
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