The ‘yes’ vote means Alitalia’s planes can keep operating beyond the weekend, something that had looked in doubt after major creditor Eni threatened to cut fuel supplies unless the airline could show it had solid financial underpinning.
But with Alitalia, which last turned a profit in 2002, spending some 10 million euros a day according to analyst estimates, the new cash injection will not last long. It is regarded as a stop-gap solution before politically sensitive talks with Air France on a possible combination of the two.
Sat, Oct 12 2013 9:01 AM
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