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ITA Airways strips chair of powers amid sale negotiations

Business
Will Payne
21 October 2022

ITA Airways has stripped its chair Alfredo Altavilla of his powers amid ongoing negotiations over the sale of the airline.

ITA Airways was formed in 2021 after the Italian government bailed out Alitalia

ITA Airways was founded in November 2020

In a statement released on Thursday (20 October), the carrier’s board of directors confirmed the "revocation of all the powers of the executive president Alfredo Altavilla", which was ordered by a resolution on 12 October.

His powers have now been attributed to the airline’s chief executive, Fabio Maria Lazzerini.

The board said the company’s main task is to "remain focused" on its industrial plan, with the aim of consolidating the relaunch of ITA Airways and protecting the company’s workers.

Last month, an investor group – including Air France-KLM and Delta Air Lines – showed interest in acquiring the Italian state-owned carrier.