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Alitalia chairman ready to quit after industrial plan approved - source
March 14, 2017 / 5:38 PM / 8 months ago

Alitalia chairman ready to quit after industrial plan approved - source

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.

Luca di Montezemolo addresses the audience after being inducted into the 2015 Automotive Hall of Fame in Detroit, Michigan July 23, 2015. REUTERS/Rebecca Cook

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

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