Alitalia reorganises as stake sale looms

2007-11-18

Alitalia had made some organisational changes, just days before an announcement is expected on the sale of the Italian government's controlling stake in the struggling airline.

The changes effectively give more powers to Alitalia chairman Maurizio Prato, who was named by the government in August, charged with finding a buyer for the loss-making carrier.

Italian Transport Minister Alessandro Bianchi said the sale of the government's 49.9 percent stake in Alitalia would be completed very soon, indicating November 23 as a possible deadline.

Last month, Alitalia said it had six potential suitors, including leading European carriers Air France-KLM, Deutsche Lufthansa and Air One, Italy's second-biggest carrier by number of passengers after Alitalia.

Alitalia chief financial officer Vittorio Mazza would report directly to the chairman. Mazza previously reported to Giancarlo Schisano, appointed as Alitalia's business coordinator in February.

Meanwhile, Deutsche Lufthansa has not decided on whether to make a non-binding offer for Italy's Alitalia, the German airline said.

Lufthansa said it was still reviewing the situation.

Alitalia, searching for a buyer for the government's controlling stake, is in talks with several possible investors, including domestic rival Air One.

Other possible bidders include long-term commercial partner Air France-KLM and Russia's Aeroflot.

Source: Cargonews Asia
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