Alitalia

Alitalia — Compagnia Aerea Italiana S.p.A. (Italian for Alitalia - Italian Air Company), is an Italian airline. It has bought some assets of Alitalia - Linee Aeree Italiane S.p.A. (which is in special administration and liquidation, BIT: AZA10).

Headquartered in Rome, it operates services to 24 domestic and 66 international destinations. Alitalia is the world's 19th largest passenger airline by fleet size.
The airline's hub is Leonardo da Vinci-Fiumicino Airport, Rome. Although Malpensa Airport, Milan was one of Alitalia's hubs, it has been downgraded to a focus city with the transition completed by April 2008, leaving Rome as the airline's only hub.

Alitalia’s top 12 routes are all from Rome’s main airport where it has a 53% share of domestic flights and capacity.
On these routes Alitalia faces head-to-head competition from at least one other airline on 10 of them, with only Naples and Bologna as monopoly routes.

The Italian government and some other organizations have invested €4.9 billion since 1998.
Several attempts to take over or merge Alitalia were made between 2005 and 2009.
The government could, in 2006, no longer offer support to the failing airline since it had been forbidden by the European Union to inject new capital. Alitalia's troubles became so severe in 2005 that Consob, Italy's stock market regulator, required it to report monthly on its debt and cash positions.

In August 2008 Alitalia went bankrupt. Compagnia Aerea Italiana (CAI) bought the Alitalia brand and some assets for €1.052 billion ($1.33 billion), paying €427 million in cash and taking on €625 million in Alitalia debts on December 12 2008.

CAI merged the old Alitalia with Air One and re-started Alitalia as a privately held company on 13 January 2009.

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