Alitalia just can't seem to get a break. As the beleaguered carrier continues to bleed cash (I'm surprised it's not suffering from anaemia by now) news broke yesterday that an Italian court has declared that the 2006 decision to sell budget operator Volare to Alitalia was irregular, and the tender must be rerun.
Alitalia's management team must have put their heads in their hands and cried at this decision, which comes at an inopportune moment less than two weeks before potential knight in shining armour Air France-KLM is due to decide whether to come to the rescue and make a binding offer for the Italian carrier.
This latest setback follows an ongoing political storm in northern Italy over Alitalia's decision to drastically cut capacity at Milan Malpensa, which I wrote about here. Does anyone truly think Alitalia can be saved? Answers on a postcard to somewhere in Rome...
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