EU regulators, Italy clear key hurdle for Alitalia’s successor

EU regulators, Italy clear key hurdle for Alitalia's successor © Reuters. FILE PHOTO: Alitalia planes are seen on the tarmac at Fiumicino Worldwide Airport as talks between Italy and the European Fee over the revamp of Alitalia are because of enter a key part, in Rome, Italy, April 15, 2021. REUTERS/Remo Casilli/File Ph

By Foo Yun Chee

BRUSSELS (Reuters) -The European Fee stated on Thursday it has reached a take care of Italy on the parameters for separating loss-making service Alitalia from its successor, a step key to securing EU approval for the brand new airline and to write down off Alitalia’s subsidies.

Brussels and Rome have been in prolonged talks over Alitalia’s destiny and its successor Italia Trasporto Aereo (ITA), demanding that ITA needs to be impartial from the previous so that it’s going to not be chargeable for Alitalia’s billions of euros in state support obtained lately.

Fee Competitors Commissioner Margrethe Vestager met Italy’s economic system and trade ministers late on Wednesday.

“Following intense and constructive discussions in any respect ranges, the Fee and the Italian authorities have reached a typical understanding on the important thing parameters to make sure financial discontinuity between ITA and Alitalia,” a Fee spokesperson stated.

The 2 sides had beforehand disagreed over ITA ceding half of Alitalia’s slots at Milan Linate airport, the previous model and the loyalty programme.

The Fee declined to touch upon Rome’s plan to increase to December the maturity of a 400-million-euro ($473.9 million)bridge mortgage granted Alitalia, in line with a draft decree seen by Reuters.

“It’s for member states to evaluate whether or not a measure entails state support that must be notified to the Fee below EU guidelines,” the spokesperson stated.

($1 = 0.8441 euros)



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