Lufthansa could help keep Alitalia airborne
With Alitalia burning through its cash reserves and down to just €310m by the end of September, the carrier urgently needs new investors
17 October 2019 - 18:04
Rome — Alitalia’s rescue hopes received a boost on Thursday with signs that Lufthansa could take a stake in the Italian carrier and Rome agreeing to a €350m bridging loan to ease immediate cash worries.
Loss-making Alitalia has been run by special administrators since May 2017 and talks led by state-owned railway group Ferrovie dello Stato to put together a consortium of rescuers have been going on for a year without coming close to a deal...
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