Alitalia is about to spin off one of its best-known businesses. The program Mille Miglia , which allows frequent travelers to accumulate loyalty points to spend on other tickets, will be separated from the national airline and will become a newco.
The value of the new company will be approx 400 million euro and the CEO of Alitalia, Andrew Ragnettiplans to sell a substantial part of it to raise cash and improve the accounts of the ailing airline. The anticipation was released by weekly “The world".
