Rescue alla Italiana

Silvio Berlusconi has kept his election promise to find an all-Italian solution for Alitalia. Sort of. But the prime minister’s new plan won’t do anything to improve Italy’s corporate image. Under the previous government, Alitalia, which has been losing as much as E2m a day, was in line to be taken over by Air France-KLM. Headcount would be cut sharply. The airline’s unions were indignant and Berlusconi said he would do better. Under the new plan, headcount will be cut sharply and Air France-KL...