Ita, the planned successor to Alitalia, has presented its business plan for the next five years. From April, the airline plans to operate 61 routes, and the workforce will be halved.
Ita, the planned successor airline to the insolvent Alitalia, has published its business plan for the next five years. Specifically, Italia Trasporto Aereo (Ita) intends to fly with a fleet of 52 aircraft in the first year. 61 routes are to be served with it, with about 5200 to 5500 employees. In April of next year, the airline could be launched, Ita CEO Fabio Lazzerini had recently held out the prospect. On Monday, Ita will present the plan to the Italian Chamber of Deputies.
This will halve the workforce compared with the old partially state-owned Alitalia. The bases are to be Rome Fiumicino and Milan Linate. Ita sees important markets in countries with which Italy has close economic and tourism ties. At the same time, the new airline wants to set itself apart from low-cost airlines and offer flight times adapted to the needs of business and leisure travelers.
Ita expects to invest 2.9 billion euros, with the majority going into the fleet and around 300 million euros into digitalization. By 2025, the airline aims to generate annual revenue of around 3.4 billion euros. For the coming year, the company is primarily focusing on routes on which it estimates that traffic volumes will increase again first.
The old Alitalia is considered a national symbol. The state had supported the ailing company several times with large amounts in the millions and in the course of the Corona aid with three billion euros. It had not made a profit since 2002 and has been insolvent since May 2017. In December 2019, Rome had appointed a new insolvency administrator. However, he was unable to find new investors.