Despite the agreement the airline remains in serious danger of collapse. The deal has yet to be approved by five Alitalia unions and does not address the issue of labor contracts, which had been a key sticking point in earlier negotiations.
The talks between the government, unions and the investors, registered as Cia. Aerea Italiana Srl, or CAI, continued over the weekend after CAI returned to the negotiating table following a Friday standoff.
The deal announced Monday, described as a framework agreement, sets out the basic industrial plan to rescue the airline. See full story on TheDeal.com --
Paul Whitfield
