Thursday, July 19, 2007

66p for an Airline

Italy should hand loss-making national carrier Alitalia to anyone willing to take it off Rome's hands for one euro, or allow the airline to go bankrupt, Italy's infrastructure minister said.

"When something is diseased, you need to amputate it," Antonio Di Pietro said. "To have a loss-making flag carrier is absurd. It should be sold for even one euro if we find anyone willing to revive it, or we need to let it file for bankruptcy."

Italy's centre-left government has warned Alitalia could be shut down if no buyer is for found the airline, whose auction collapsed on Wednesday when the last bidders pulled out.

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