Things in the Sky

If you were like me, you thought that the whole Alitalia thing was taking care of. Well, Reuters reports today that there is more trouble.

The Italian investor group planning to buy Alitalia (AZPIa.MI: Quote, Profile, Research, Stock Buzz) warned on Thursday that it would walk away from the deal if the bankrupt carrier’s unions failed to get on board with new work contracts.

CAI abandoned talks with unions late on Wednesday after refusing to further modify the contract. There is a Friday deadline for presenting a binding offer for Alitalia’s best assets.

The investor group said on Thursday that striking a deal with the unions was a precondition for proceeding with the takeover, seen as Alitalia’s last shot at avoiding liquidation.

While the story is a bit light on the details of everything going on, I’m going to say that the unions just need to stop getting in the way. Apparently, they still think that fighting and ending up with no airline is better than some airline left. Yes, I know unions exist to protect workers but I think we’ve hit the end of the line here – the unions just need to accept that CAI gives them.