Alexa

Italian government publishes Alitalia privatization details

Italian government publishes Alitalia privatization details

Potential buyers for Alitalia must guarantee the airline's 18,000 jobs, national routes and the Italian identity of the Alitalia brand, the Economy Ministry said Friday in tender details for the sale of its stake in the struggling flag-carrier.
The government is seeking an investor or group of investors to buy at least a 30.1 percent stake in the airline as it sells down its 49.9 percent share. It has not been determined exactly how great a stake the government will retain.
The ministry said expressions of interest for Alitalia must be presented by Jan. 29.