14 OCTOBER 2013


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2019 Business Travel News Ltd.

Article from BTNews 14 OCTOBER 2013

Italian airline update

Alitalia is still with us following crisis meetings on Friday when its board members, including Air France-KLM, approved a capital increase as part of a government-led €500m bailout. (See BTN 30 September)

Earlier in the week the airline’s future looked in grave doubt with major creditor Eni threatening 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 about €10m a day according to estimates, the new cash injection will not last long.  It is regarded as a stop-gap solution before talks start with Air France, itself not on all too safe grounds, on a possible amalgamation.

If Air France-KLM, which has a 25% stake in the airline, and in the middle of its own restructuring, underwrites its full quota of the capital increase, it will provide another €75m. www.alitalia.com

Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.