Alitalia Board of Directors approves the revised industrial plan. Deadline extended to 27 November for shareholders to participate in the recapitalization plan

Rome, November 13, 2013 – The Board of Directors of Alitalia – Compagnia Aerea Italiana S.p.A, chaired by Roberto Colaninno, met today in Rome.

The Board approved a revised strategic plan that is based on becoming more efficient in the management of assets and more competitive in the marketplace through a sharp reduction in costs.

The plan also calls for the reduction in the number of medium-haul aircraft, while maintaining the number of hours flown in 2013 through fleet optimization and an increase in international and intercontinental flights.

The Board also agreed to postpone to November 27th the deadline for the shareholders to participate in the recapitalization plan approved on October 15, 2013.

The extension was proposed and approved to allow those members not represented on the Board of Directors to review the revised plan.