Air Italy goes bust after years of losses

AFP

2020/02/13 | 303 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Air Italy goes bust after years of losses © Air Italy

Struggling Air Italy, owned by the Aga Khan and Qatar Airways, announced its bankruptcy Tuesday but said it would guarantee flights through February 25, after which tickets would be reimbursed.The company -- formerly called Meridiana -- has lost hundreds of millions of euros in the past several years as it has struggled to navigate a competitive industry facing multiple challenges.Air Italy is held 51 percent by the Aga Khan and 49 percent by Qatar Airways. It employs about 1,200 people."Fro...(…)

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