Italian flag carrier Alitalia has filed for Chapter 15 bankruptcy protection in the US, in an effort to keep its leased terminal gates at New York JFK. The temporary relief will allow Alitalia to continue operations to the US. Chapter 15 allows foreign companies protection under the US Bankruptcy Code as they undergo insolvency proceedings in their own country. It guarantees a temporary restraining order until June 23, offering a short period of protection from creditors. A hearing is ...

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