Italy is preparing an emergency bridge loan to keep Alitalia going, in hopes of finding a buyer, after employees derailed the carrier’s turnaround plan by rejecting a labor agreement. The Italian government has ruled out re-nationalizing the struggling airline, Economic Development Minister Carlo Calenda told Radio 24. That leaves only one option: providing Alitalia with a loan of €300–€400 million ($316-$421 million) to keep it operating for six months. Calenda said ...

Subscribe to Access this Entire Article

"Italy arranging emergency bridge loan to keep Alitalia flying" 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.