The Alitalia board decided to move forward with a €197 million ($264.9 million) writedown of the value of the carrier's fleet, a step it declined to take in March when releasing its full-year financial results but that became necessary when it decided it had to "draw up a new and reliable business plan" ahead of the Italian government's sale of its AZ stake. The decision deepened the company's full-year loss to €625.6 million from the €405.2 million announced two months ago ...

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