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Italy's Alitalia takes over Air One

Italy's Alitalia takes over Air One

Alitalia on Wednesday completed the takeover of its smaller competitor Air One as part of a plan to relaunch Italy's bankrupt national carrier.
Air One, Italy's No. 2 airline, said in a statement it had closed the deal with the group of Italian investors that has acquired the bulk of Alitalia's profitable assets to create a single, streamlined carrier.
The investors, which include Air One chief Carlo Toto, are scheduled to officially take over operations at Alitalia on Jan. 13.
Air One said in a statement that Toto would reinvest


Updated : 2021-06-14 11:44 GMT+08:00