Luxair shelves Tivat flights

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EU okays Alitalia successor

EU competition regulators have given the green light to a slimmed down successor to Alitalia and said the new state-owned airline was not liable for repaying 900 million euros in illegal state aid received by its predecessor. The approval of Italia Trasporto Aereo (ITA) will be greeted with relief in Rome, which has been negotiating for months to prevent the decision on the 900 million euros of loans from hindering the launch of the new airline. Alitalia is unlikely to repay that aid, plus interest, as the carrier's coffers are empty and money it may collect from the sale of assets is not expected to be enough. ITA will operate with less than half of Alitalia's fleet of aircraft and will only be allowed to take over limited parts of its predecessor's handling and maintenance businesses. Alitalia's brand and its loyalty programme will be sold in an open tender, said the European Commission, which oversees the EU's competition policy. The new carrier is due to start flying in place of Alitalia on October 15 and plans to employ only a small part of its predecessor's 11.000 total workforce under a new, less generous labour contract. The uncertainty over the future of thousands of workers has sparked protests. The Italian government has set aside a total of 3 billion euros for ITA, but the Commission only gave a green light to an initial 1.35 billion euros capital injection by Rome into the carrier over the next three years.
Reuters

Luxair shelves Tivat flights

NEWS FLASH

Luxembourg’s national carrier, Luxair, has cancelled plans to introduce seasonal services to Tivat. The airline was to commence flights last weekend and operate them once per week until September 20. They were only scheduled earlier this month. However, the carrier has suspended ticket sales on the route.

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Anonymous14:29
Seems like in stead they are launching BUD flights.
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Luxair shelves Tivat flights

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