Italian railway company Ferrovie dello Stato (FS) said more work is needed to develop a sustainable business strategy for Alitalia, the bankrupt airline it is negotiating to take over with Delta Air Lines as a potential partner. Alitalia filed for bankruptcy in May 2017 after workers rejected an agreement that would have unlocked funding for a rescue plan. The process of finding one or more investors to turn the airline around has been fraught with complication, and several potential ...

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