Company profiles: Alitalia

Article Abstract:

Alitalia, Italy's major national airline, is amidst a four-year restructuring program, which it launched in fiscal year end 1996 in an effort to prepare for privatization. Privatization is seen as an answer to the airline's growing financial and organizational problems arising from deregulation and inherent operational inefficiencies. For 1996, the carrier reported a pre-tax loss of L1,210 billion on turnover of L8,508 billion. The airline's travel agent subsidiary, Italiatour, registered a turnover of L66 billion in 1995, a 19% increase over the previous year.

Comment:

Is amidst a four-year restructuring program, which it launched in fiscal year end 1996 in an effort to prepare for privatization

Scheduled Airlines, Scheduled Air Transportation, Airlines, Linee Aeree Italiane S.p.A.

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Company profiles: Parmalat SpA

Article Abstract:

Parmalat SpA, a company founded and controlled by the Tanzi family, has been one of the biggest food manufacturers in Italy, focusing on dairy products. Parmalat is the most popular producer of milk in Italy, distributing long-life milk in the country through 200 concessionaries and 140,000 points of sale. However, due to the decline in Italy's milk market, Parmalat was forrced to diversify into biscuits and other areas. Parmalat's food interest include bakery products, Dairy, vegetable and fruit products and chilled products.

Comment:

Is one of the biggest food manufacturers in Italy, focusing on dairy products

Food & Kindred Products, Food Manufacturing, Parmalat S.p.A.

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