Italy is close to reach an agreement with the European Union to establish a new national airline next week, according to the Italian newspaper El Mesahero.
The possibility of reaching an agreement with the European Union comes after the airline Alitalia S.p.A declared its bankruptcy. An informal approval may be obtained as soon as next week.
The talks with the European Commission to give the green light to the resumption of the operation Alitalia have faltered after several rounds of meetings, according to Bloomberg news agency.
Italy agrees to establish airline
EU officials are also calling for a clear separation between the assets and employees of the airline that has filed for bankruptcy and its replacement company, called Italia Trasporto Aereo S.p.A or ITA.
Bloomberg added that the new airline may initially employ between 4,500 and 5,000 personnel and its fleet will include between 55 and 60 aircraft.
The European Union is also asking ITA not to have a majority stake in dealing with the new company’s maintenance activities.
The EU is an international association of European countries that includes 27 countries. The last country to join the union was Croatia, which joined on July 1, 2013 after an agreement known as the Maastricht Treaty signed in 1991.
One of the most important principles of the European Union is the transfer of the powers of the nation-states to European international institutions.
However, these institutions remain governed by the amount of powers granted by each country separately, so this union cannot be considered a federation as it is unique in a unique political system in the world.
The EU has many activities, the most important of which is that it is a unified market with a single currency, the euro, which 19 out of the 28 member states have adopted its use. It also has a common agricultural policy and a unified fishing policy.
On 23 June 2016, the United Kingdom decided, through a referendum, to leave the European Union, becoming the first country in it to do so. Britain officially left the European Union on January 31, 2020.