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| Version 0 | Version 1 |
|---|---|
| Race to rescue troubled Alitalia | Race to rescue troubled Alitalia |
| (about 6 hours later) | |
| Talks are due to continue in Rome on a rescue package for the Italian airline Alitalia, which is operating under a bankruptcy commissioner. | Talks are due to continue in Rome on a rescue package for the Italian airline Alitalia, which is operating under a bankruptcy commissioner. |
| The airline's workers have been resisting the several thousand job losses and salary cuts which could be required for a rescue solution. | The airline's workers have been resisting the several thousand job losses and salary cuts which could be required for a rescue solution. |
| But some progress has been reported in talks between the Italian government and trade union leaders. | But some progress has been reported in talks between the Italian government and trade union leaders. |
| If no deal is reached, Alitalia could go into liquidation next week. | |
| The government is trying to broker a rescue package with investors, which would involve a sell-off of profitable parts of the airline. | The government is trying to broker a rescue package with investors, which would involve a sell-off of profitable parts of the airline. |
| With the airline saying it is running out of money to buy aviation fuel, the government needs to persuade unions to back a deal that involves job cuts. | With the airline saying it is running out of money to buy aviation fuel, the government needs to persuade unions to back a deal that involves job cuts. |
| Failed French takeover | Failed French takeover |
| The only offer on the table is from Italian consortium CAI, which only wants Alitalia's profitable operations. Unions have so far rejected this deal. | The only offer on the table is from Italian consortium CAI, which only wants Alitalia's profitable operations. Unions have so far rejected this deal. |
| The BBC's Frances Kennedy, in Rome, says informal discussions throughout the day were meant to iron out enough of the obstacles to get the parties back to the table for a final do or die negotiating marathon. | The BBC's Frances Kennedy, in Rome, says informal discussions throughout the day were meant to iron out enough of the obstacles to get the parties back to the table for a final do or die negotiating marathon. |
| The nine unions and the cartel of Italian investors wanting to buy part of Alitalia are still far apart on key issues, like job losses and salary cuts, our correspondent says. | The nine unions and the cartel of Italian investors wanting to buy part of Alitalia are still far apart on key issues, like job losses and salary cuts, our correspondent says. |
| Prime Minister Silvio Berlusconi has pledged to do all he can to save Alitalia. | Prime Minister Silvio Berlusconi has pledged to do all he can to save Alitalia. |
| In April, plans for the airline to be bought by Air France-KLM collapsed owing to union opposition to job cuts. | In April, plans for the airline to be bought by Air France-KLM collapsed owing to union opposition to job cuts. |
| Italy's civil aviation authority said on Saturday that Alitalia's operating licence was at risk due to the airline's admission that it was running out of funds to buy fuel. | Italy's civil aviation authority said on Saturday that Alitalia's operating licence was at risk due to the airline's admission that it was running out of funds to buy fuel. |
| Alitalia is currently being run by administrators after seeking bankruptcy protection on 29 August. | Alitalia is currently being run by administrators after seeking bankruptcy protection on 29 August. |
| The Italian government owns a 49.9% stake in Alitalia, but it cannot simply pump public funds into the airline as there are strict European Union rules preventing state support for airlines. | The Italian government owns a 49.9% stake in Alitalia, but it cannot simply pump public funds into the airline as there are strict European Union rules preventing state support for airlines. |