The largest Italian airline Alitalia ceases to exist due to bankruptcy. How transfers Wanted in Rome magazine, Alitalia will make its last flight on 14 October from Rome to Cagliari.
From October 15, the country’s leading air carrier will be the state-owned company Italia Trasporto Aereo (ITA), which was established in October last year by the decision of the national government.
However, the very fact of Alitalia’s bankruptcy testifies to the failure of many years of attempts by the Italian state, national and foreign investors to save the famous airline.
Alitalia, created in 1946, was unable to cope with the consequences of the coronavirus pandemic, and also failed to compete with high-speed trains in the country’s domestic market. Over the past 20 years, the government has suffered about 13 billion euros in losses trying to keep the national carrier afloat.