Alitalia in bankruptcy; Zoom airline ceases

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Alitalia in bankruptcy; Zoom airline ceases

Postby Greg on Sat Aug 30, 2008 10:40 am

The airline industry suffered two more casualties Friday as Italian airline Alitalia filed for bankruptcy protection and Canadian carrier Zoom went belly up, stranding at least 4,500 travelers.

The debt-laden Italian national airline said its board had asked the government to appoint an administrator and had declared insolvency to a Rome court.

http://www.latimes.com/business/la-fi-airlines30-2008aug30,0,3879228.story
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Re: Alitalia in bankruptcy; Zoom airline ceases

Postby captmidnight on Sat Aug 30, 2008 7:01 pm

Is Alitalia state-run? If it goes under, will it lose its fabled name?
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