Alitalia risks licence suspension in 2-3 weeks if no Air France deal - regulator

Riggio said EU rules require Alitalia to have at least a year's financial liquidity and ENAC is conducting checks to see if this is the case.
 
ENAC previously cleared Alitalia to continue operating, despite its limited liquidity, because of prospects for a tie-up with Air France-KLM.
 
Talks between Air France-KLM and Alitalia's trade unions broke down 10 days ago, though both sides are reportedly willing to talk again after Italy's general election.
 
A suspension of the Alitalia licence would not necessarily ground all the airline's planes because ENAC could grant a provisional licence linked to an emergency plan for the airline.
 
Before deciding, ENAC needs two weeks to see the size of Alitalia's March losses, what savings it has made by cutting some activities at Milan's Malpensa Airport, as well as load factors.
 
Date posted: 14-Apr-08
 

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