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.............................. Alitalia
Logo and Trademark..............................
Alitalia - Linee Aeree Italiane is the national airline of Italy. Headquartered in Rome, it operates services to 28 domestic and 74 international destinations. The airline's hubs are Leonardo Da Vinci International Airport, Rome, and Malpensa International Airport, Milan.
Alitalia has lost money for years due to labour problems and government and political interference with the attempts to solve them. It has reported only one year of a profit since its foundation in 1946. Alitalia has reported net losses of more then €2.9 billion between 1999 and 2006. The Italian government and some other organizations have invested €2.8 billion of fresh capital since 2002. Alitalia's troubles are so severe that Consob, Italy's stock market regulator, requires it to report monthly on its debt and cash positions. By the end of October 2006 debt had risen to €972m and cash had fallen to €769m.
In September 2007, Maurizio Prato, its chairman, told senators in Rome "Alitalia is in a comatose state, it is in the intensive care unit," according to ANSA news agency. Further he said: "Personally, I am surprised by the general refusal to accept reality and by the fact that a company in this state does not have the possibility, even though it is listed on the stock market, to make autonomous decisions even if this is needed for its survival,".
Alitalia is looking for fresh capital from commercial banks since Brussels has forbidden the Italian government to inject new capital. Intense attempts are being made to sell the 49,9% stake of the Italian government. The latest attempt in 2007, an auction, failed because all bidders involved left the auction early.
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