ROME (Reuters) – Italy has reached a deal with the European Commission over the launch of carrier Italia Trasporto Aereo (ITA), which will replace the loss-making, state-owned Alitalia, the Treasury said in a statement.
It said the new company would be fully operational from Oct. 15, adding that the “constructive and balanced” deal would open the way for a planned capital hike for ITA.
Brussels and Rome have been in lengthy talks over the fate of the failed Alitalia, which has received billions of euros in state aid in recent years.
(Reporting by Giuseppe Fonte, writing by Giulia Segreti; Editing by Crispian Balmer)
