It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

Airport slots main obstacle in EU-Italy negotiations on Alitalia

Fri 26 March 2021 14:59 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Negotiations between the European Union and Italy over the restructuring of airline Alitalia have hit a snag over airport slots.

Both sides have been in negotiations since the beginning of 2021 on the restructuring of the airline which is set to become a new state-owned company, called ITA.

The European Commission is demanding that the carrier give up a number of slots but the government in Rome says the new flag carrier should also have its slots and part of the assets of its predecessor.

ITA has rejected the idea of giving up slots at Milan city airport where Alitalia held over 50% of the slots before the pandemic hit.

A source told Reuters that the ITA business plan has not been cleared yet by Brussels.

Negotiators for both sides will meet to further discuss the matter on Friday afternoon.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

    More company news from ShareCast