Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Alitalia plans to scrap deal with Air France-KLM

Share this article

Alitalia plans to scrap deal with Air France-KLM
Alitalia said on Tuesday it will not be renewing a partnership deal with Air France-KLM when it expires in 2017. Photo: Vincenzo Pinto/AFP
08:29 CEST+02:00
Alitalia said on Tuesday it will not be renewing a partnership deal with Air France-KLM when it expires in 2017 because it is "no-longer beneficial."

Alitalia, which was rescued by Etihad Airways in a merger deal at the end of last year, said the original agreements concluded in 2009 and 2010 were done "under very different economic circumstances."

"These agreements are no longer beneficial, either commercially or strategically, to the new Alitalia and its ambitious turnaround plan," Alitalia chief executive Silvano Cassano said in a statement.

"They were negotiated when Alitalia was in a very different position, with the result that the agreements in their current forms favour the other party," he said.

Cassano said Alitalia remained open to further discussion on finding "a mutually acceptable solution" but the contracts would not be renewed under the present terms.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world’s best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement