OK, that was a bit of a sensational headline... but it looks like Piaggio, through their CEO Roberto Colaninno, is going to take a stake in the troubled airline Alitalia (in case you want to know what Alitalia stands for, it means Always Late In Takeoff And Late In Arrival ).
Oh well, there's the next management fad, Harley buys Agusta, Piaggio buys Alitalia. What's next? Derbi buys Microsoft?
| ||AP News|
|In this file photo dated Sept. 14, 2004, Roberto Colaninno, right, chairman of the Italian 'Piaggio' group and CEO Rocco Sabelli, left, are seen during a press conference in Munich, Germany. Italian news reports said Tuesday, Aug. 26, 2008, that 16 investors have agreed to participate in creating a new Alitalia, as part of a plan to save the troubled Italian airline. The investors include Roberto Colaninno, the chairman of motorcycle maker Piaggio who is tapped to be the chairman of the new Alitalia. (AP Photo/Uwe Lein, File) |
Via: Yahoo News & AP News