Word: alitalia
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...appreciate their elegance, even on the picket line. Alitalia pilots and flight attendants, dressed in their crisp black-and-green uniforms and aviator sunglasses, have spent decades stylishly shepherding the world to Italy, and Italians abroad. More recently, the handsome crews have also done their part - with plenty of help from Alitalia's inept senior management and shortsighted Italian politicians - to steer the airline on a crash course toward bankruptcy...
...Hemorrhaging up to $3 million a day, Alitalia has become the poster boy for all that's wrong with Europe's worst state-run companies. With the pilots association and stewards union scuttling the latest attempt to salvage the airline last week, Alitalia seems to be nearing...
...Alitalia has been in need of a shakeup for years. The company hasn't turned a profit since 1999, forcing the Italian government to set up a series of bailouts that have drawn the ire of European Union competition regulators. In December 2006, then Prime Minister Romano Prodi put the government's 49.9% share of Alitalia on the selling block. Several potential buyers pulled out, and a takeover bid by Air France-KLM was blocked by the unions and the open disdain of then opposition leader Silvio Berlusconi...
...impressive victory over former Rome Mayor Walter Veltroni, Italians are more concerned about what he might not do. Italy faces difficult public-policy challenges, from a stagnant economy to organized crime. High-profile emergencies, like mounting trash on the streets of Naples and the uncertain future of national carrier Alitalia, are proof that the nation needs action...
APRIL 2008 Berlusconi wins his third term as Prime Minister. He vows to rescue the stalled Italian economy, resolve a garbage crisis and assist the faltering national airline, Alitalia...