The Italian council of ministers has approved a €600 million ($655 million) emergency bridge loan for Alitalia, which should secure operations until November. Prime Minister Paolo Gentiloni said this intervention will also protect certain services that are fundamental to the country, the Italian daily 24ore reported May 3. Alitalia announced it would enter extraordinary administration, the equivalent of US Chapter 11 bankruptcy, on May 2 after Alitalia labor unions derailed the ...

Subscribe to Access this Entire Article

"Italy approves bridge loan to keep Alitalia operating until November " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.