Alitalia Going Bankrupt

According to news reports, Italian flagship carrier Alitalia appears to be on the verge of bankruptcy, its workers having rejected a government-brokered agreement that would have released 2 billion euros in investments from its managing shareholder, Etihad, plus a group of Italian businesses. The carrier will now receive a government bridge loan valued at between $326 million and $435 million to keep it operational for the next six months while under receivership. When booking services with financially distressed suppliers, you should pay by credit card. Under the Fair Credit Billing Act, credit card customers have certain rights to refuse to pay charges for … Continue reading Alitalia Going Bankrupt

Europe Deals

You’ve probably already heard it, but it bears repeating, travel to Europe this summer is the cheapest it’s been in a decade. Airfare alone from the US between now and September is down between 20 and 35% over a year ago. Partially driven be the expansion of low cost carriers and partially driven by a drop in demand. Rental prices in places like Ibiza, Mykonos and Tuscany are 10-20% cheaper than last summer and numerous hotels especially in places like Paris which saw a drop in demand While tourism to places like France and Belgium are down to flat, there’s … Continue reading Europe Deals