Alitalia was Italy's flag carrier and one of the most well-known airlines in the country. Established in 1946, it operated domestic and international flights, connecting Italy with various destinations across Europe and the world.
Over the years, Alitalia faced numerous financial struggles due to factors like intense competition, high operating costs, labor disputes, and economic challenges in the aviation industry. These difficulties led to repeated restructuring attempts and financial interventions by the Italian government to keep the airline afloat.
Despite these efforts, Alitalia encountered persistent financial losses. In 2017, the airline entered administration after its employees rejected a restructuring plan that aimed to rescue the company. This marked the beginning of a complex process to find investors or a buyer for the troubled airline.
Throughout the following years, discussions, negotiations, and attempts to find a viable solution for Alitalia's future continued. However, finding a sustainable resolution proved challenging, especially amidst the COVID-19 pandemic, which severely impacted global air travel demand and further exacerbated the airline's financial woes.