The Italian government has finalised a long-awaited agreement over the creation of a newco for Alitalia, Il Messaggero daily reported on Friday, as part of a nationalisation process meant to give a lifeline to the ailing carrier.
The agreement on the decree that will lead to the creation of the newco was struck late on Thursday, several months after Rome announced it would put the loss-making airline back in state hands after 11 troubled years of private management and three failed restructuring attempts.
As part of the agreement, Alitalia’s board will be increased to nine members from seven at the moment, the paper added.
