ADVERTISEMENT

Italy just took full ownership of its national airline Alitalia to save it from collapse amid the coronavirus crisis. Here's the carrier's full troubled history.

Reuters

Alitalia as a brand began in 1946, one year after World War II ended, first flying in 1947 within Italy and quickly expanding to other European countries and even opening intercontinental routes to South America.
  • Alitalia was re-nationalized by the Italian government in March after privatization efforts backed by Etihad Airways largely failed.
  • The flag carrier has served Italy since the end of World War II and has long struggled with profitability.
  • The final straw for the government came as the coronavirus crisis sent Italy under lockdown and the airline industry crisis made clear no buyer was coming for Alitalia.
  • Visit Business Insider's homepage for more stories .
ADVERTISEMENT

Alitalia has a new owner and its the same as its old owner.

Italy's national airline has finally found a home back with the government of its homeland after privatization efforts the airline largely failed and coronavirus posed a threat to the airline's struggling operation.

Despite years of investment from majors airlines such as Air France-KLM and Etihad Airways, the Italian government announced the re-nationalization on Tuesday as part of an economic stimulus following a years-long attempt to find a buyer for the struggling airline tasked with connecting Italy with the world.

ADVERTISEMENT

The move came as potential suitors for the airline ranging from Delta Air Lines in the US to the Lufthansa Group in Germany expressed interest, with more unlikely buyers also jumping into the mix including UK low-cost carrier EasyJet and a state-owned railway group.

With no private competitor after the fall of Air Italy in February, the burden once again falls on the iconic carrier to reconnect Italy with the world, especially once the country escapes the gripes of the novel coronavirus.

Here's a look at Alitalia and its storied past.

See Also:

ADVERTISEMENT

SEE ALSO: Delta, United, and other airlines are sending their largest planes to the desert for storage as they drastically reduce operations due to coronavirus

DON'T MISS: Norwegian Air started a low-cost transatlantic revolution but coronavirus and the airline's Boeing planes pushed it to the brink of collapse

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulse.ug

ADVERTISEMENT