ROME (Reuters) - Alitalia Chairman Luca di Montezemolo is ready to leave his position at the loss-making airline after the board approves a new industrial plan, a source close to the situation said on Tuesday.
The Alitalia board will meet on Wednesday to discuss the new plan, the source added.
Alitalia’s controlling shareholder Etihad Airways, which has a 49 percent stake, is pushing for deep job cuts. The airline’s financial losses and failure to fend off low-cost competition is widely blamed on years of poor management.
Reporting by Alberto Sisto, writing by Gavin Jones