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Alitalia finally secured the ¤300m ($412m) it needs to keep flying over Christmas, a source said yesterday, concluding a drawn-out capital raising that showed how much work the airline has to convince investors it can survive. Italy's national
An Alitalia plane approaches to land at Fiumicino international airport in Rome October 14, 2013. Italy's struggling airline Alitalia has finally succeeded in netting the 300 million euros ($412 million) it needs to keep flying over Christmas after a
SpA succeeded in raising enough money so Italy's post office will invest in the airline, increasing the likelihood that it will have sufficient capital to keep flying for at least a year as it looks for a partner to ensure its long-term survival.
Italian businessman Antonio Percassi said on Saturday he will subscribe to troubled airline Alitalia's capital increase for 15 million euros ($21 million) through his Odissea holding company. In a statement Percassi, whose businesses include managing
Aviation An aircraft comes in to land at Heathrow Airport in west London in this April 21, 2010 file photo. Aviation Telecom The long-ailing national airline has so far raised less than two thirds of the 300-million (249 million pounds) wanted from
Scale models of Alitalia airplanes are displayed at a shop selling models of vehicles in Rome October 31, 2013. Italian airline Alitalia received less than two thirds of the 300 million euros ($407 million) it was seeking in an emergency cash call
Unions at Air France approved Tuesday a voluntary departure plan for 1,826 ground staff as part of a wider restructuring to the loss-making airline. Three unions representing a majority of employees concerned approved the plan, announced last month,
Low-cost European carrier Ryanair is launching a new hub at Rome's major international airport Fiumicino, offering three new connections to southern Italy, and hoping to join cash-strapped Italian carrier Alitalia in a flight-sharing partnership, the
Aeroflot , the state-controlled Russian airline, on Friday ruled out buying or aiding stricken Italian carrier Alitalia, which is seeking a cash injection to keep flying. "Aeroflot does not plan to buy Alitalia, nor will it participate in any way in
France-KLM said Thursday it won't take part in a planned 300 million ($404.6 million) capital increase for Alitalia SpA because there is still no viable plan to restructure the company's debt, dealing a severe blow to the ailing Italian carrier. "