[9][10] On 15 October 2021, in a hybrid reorganization, Alitalia sold its entire operation to ITA Airways, a newly formed state-owned flag carrier.It was formed as a result of an Anglo-Italian agreement and was funded by the Italian government and British European Airways (BEA) in a 60/40 share arrangement with a capital of 900 million lire (£1,000,000).By the time of its liquidation, Alitalia was owned by the Italian Ministry of the Treasury (49%), other shareholders, including employees (49%) and Air France-KLM (2%, later: 25%).In November 2003, Alitalia announced that it would cut 2,700 jobs over the next three years to prepare the airline for a merger with Air France and KLM.The aim of the partnership was to develop Malpensa as a hub, along with Amsterdam (which lacked enough landing slots to expand further) and Rome Fiumicino.[citation needed] In September 2007, Alitalia announced that it would nearly halve its hub at Malpensa and instead focus on Rome-Fiumicino and move all intercontinental flights there.[16][17] On 30 October 2008, CAI offered €1 billion to acquire parts of the bankrupt airline, amidst pilots' and flight crew members' opposition to labour agreements.[18] On 19 November 2008, CAI's offer was accepted by the bankruptcy administrator of Alitalia with the permission of the Italian government, at the time the majority shareholder of the bankrupt airline.[20] A USA diplomatic cable disclosed in 2011 summarised the operation as follows: "Under the guise of a rather quaint (and distinctly un-EU) desire to maintain the Italian-ness of the company, a group of wealthy Berlusconi cronies was enticed into taking over the healthy portions of Alitalia, leaving its debts to the Italian taxpayers.They chose not to recognize benefits such as discounted tickets to former Alitalia-LAI workers and refused to honour passengers' claims against the old Alitalia.[28] On 11 February 2010, Alitalia announced that, starting from March 2010, it would use Air One as a low-fare airline ("Smart Carrier"), with operations based at Milan Malpensa Airport, focused on short-haul leisure routes.On 23 February 2011, Alitalia and ENAC announced the introduction of a safety card written in braille and characters in 3-D relief, which is the first of its kind.[31] On 25 January 2012, Alitalia signed memoranda of understanding with two other Italian airlines, Blue Panorama and Wind Jet, and said to have started processes "aimed at achieving integration" with them.[35] In June 2014, the Abu Dhabi-based UAE national airline Etihad Airways announced it was taking a 49% stake in Alitalia.[38] In February 2016, Alitalia announced that in late March 2016 it would cancel most of its routes from Pisa, including Moscow, Prague, Berlin, Catania and Tirana.[39] On 25 April 2017, after Alitalia employees rejected job-cuts proposal aimed at reducing costs, the airline announced that it would start going through a bankruptcy process, beginning with the appointment of an administrator.[47] After the official visit of Chinese President Xi Jinping to Rome, China Eastern Airlines expressed interest in Alitalia's rescue plan and could spend up to €100 million in exchange for a 10% stake.[citation needed] In May 2020, USAerospace Partners (headed by Michele Roosevelt Edwards) announced they were still interested in purchasing the airline.[58] On 10 October 2020, the Italian government signed a decree to allow to reorganize the airline as ITA - Italia Trasporto Aereo S.p.A.[59] On 28 October 2020, it was reported that ITA would buy several assets from Alitalia - Società Aerea Italiana S.p.A., including the brand and the flight codes of Alitalia and Alitalia CityLiner, the International Air Transport Association ticketing code (055), the MilleMiglia frequent-flyer program, and airport slots at London Heathrow (68 weekly slots in summer and 65 in winter).The letter consists of 62 requests for clarification, rejecting the idea that the old carrier could sell its belongings to the new company in private negotiation.The European Commission suggests that the combined aviation, ground handling, and maintenance businesses should be sold separately to a third party.[88] Alitalia branding was iconic with Italians as the airline adopted the colors of the flag of Italy (green, white, and red).[90] A variety of different slogans have been used by Alitalia: In 2014, the company adopted a new slogan[97] Alitalia-Linee Aeree Italiane S.p.A. lost money for years owing to problems with pilots and crew members[citation needed] and labour difficulties[citation needed], and to government and political interference with attempts to solve them.Therefore, as all other attempts to save the company had failed, the Italian government announced its willingness to lead Alitalia towards privatization by lowering its part of ownership in it.[99] CAI, Compagnia Aerea Italiana, a consortium of Italian investors, presented a binding offer of €1,100 million to Alitalia's bankruptcy administrator on 30 October 2008 to acquire parts of the airline, pressing ahead despite refusal by some pilots and flight attendants' unions to sign on to the rescue plan.The airlines were becoming closer and Volare Group had started providing soft maintenance services for some Alitalia aircraft in Milan Malpensa airport.In December 2005, Italy's antitrust agency fined Alitalia €30,000 for misleading consumers by advertising a round-trip flight tariff while showing only the price of a one-way ticket.[103] In July 2010, Alitalia also joined Air France, KLM and Delta's transatlantic joint venture, meaning that the profits from flights across the Atlantic would be shared between the four airlines.[56] The fidelity program of Alitalia, called MilleMiglia, with more than 6,000,000 customers, was not sold to ITA Airways, and will continue functioning independently.[147] Two Alitalia pilots, Alberto Nassetti and Pier Paolo Racchetti, were killed while acting as passengers during the 1994 A330 test flight.