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rdf:type	schema:NewsArticle
schema:articleBody	Aviation service group USAerospace Partners and businessman German Efromovich both said Friday they were interested in investing in Italy's loss-making carrier Alitalia -- just as the government prepares to nationalise it. Rome has been preparing to retake control of the troubled airline after three failed restructuring attempts. Its already significant financial woes have been exacerbated by the fallout from the coronavirus crisis on the aviation industry. The government has said it will inject 3 billion euros ($3.2 billion) into a new state-owned company to save the airline. But on Friday USAerospace head Michele Roosevelt Edwards said she was open to the possibility of joining forces with the Italian government and other investors to restructure the beleaguered national airline. And Efromovich, the former owner of Colombian airline Avianca, said he was ready to invest "up to a billion euros". He was willing to form a partnership, but if that partner included the public sector "I would have one condition: zero political interference," he told the Sole 24 Ore daily. Efromovich said he could make Alitalia work for far less than the 3 billion euros the government is preparing to throw at it, but would not rule out job cuts, saying the company would have to be competitive or it would fail. Alitalia has been accumulating losses for years and had to be placed under the administration in 2017. Since then, the state has been searching in vain for buyers. Italy's railway group Ferrovie dello Stato (FS) tried to form a consortium to save Alitalia -- with American airline Delta, Germany's Lufthansa and Italian motorway manager Atlantia -- but threw in the towel at the beginning of January. In April, Alitalia's turnover fell by 97 percent due to the pandemic, according to company director Giuseppe Leogrande, and 6,600 employees were furloughed until the end of October. cm-ljm/ide/cdw
schema:headline	USAerospace, Efromovich interested in Italy's Alitalia
schema:mentions	Autostrade of Italy Avianca Nationalization Lufthansa Rome American Airlines Franklin D. Roosevelt Management Nazi Germany Delta Air Lines Italy Coronavirus Germán Efromovich Ferrovie dello Stato Italiane Atlantia (company) Alitalia Flag carrier CDW »more»
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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