Planning for Brexit
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Alitalia is the latest in a long line of national carriers facing an insolvency process as it vies with the low cost and budget airlines in a fiercely competitive market where pressure on the leisure pound/euro is also increasing. Many airlines, particularly in the US, have used insolvency processes to drive through restructuring necessary to streamline their operations to enable them to remain competitive. This can be harder to achieve in mainland Europe where employment laws provide stronger protection for employees.