Shareholders pull the plug on regional airliner Air Italy
Regional carrier Air Italy said Tuesday it will cease operations and go into liquidation after shareholders opted against putting more money into the company to keep it afloat. The move follows two years of losses during which the airline sought to transform itself from being a summer holiday carrier called Meridiana into a national carrier with flights across Europe. When Air Italia was launched two years ago, Alisarda, the Aga Khan’s Sardinia-based holding company, had a 51%-stake and Qatar Airways took 49%. Qatar Airways said in a statement that it would have been willing to continue its support of the airline "but this would have only been possible with the commitment of all shareholders."<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-12/unaligned/shareholders-pull-the-plug-on-regional-airliner-air-italy
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Shareholders pull the plug on regional airliner Air Italy
Regional carrier Air Italy said Tuesday it will cease operations and go into liquidation after shareholders opted against putting more money into the company to keep it afloat. The move follows two years of losses during which the airline sought to transform itself from being a summer holiday carrier called Meridiana into a national carrier with flights across Europe. When Air Italia was launched two years ago, Alisarda, the Aga Khan’s Sardinia-based holding company, had a 51%-stake and Qatar Airways took 49%. Qatar Airways said in a statement that it would have been willing to continue its support of the airline "but this would have only been possible with the commitment of all shareholders."<br/>
