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Italy ready to hand Alitalia $442 million loan

Christian Fernsby ▼ | December 3, 2019
Italy is set to approve a new 400 million-euro ($442 million) loan for failed airline Alitalia.
Air industry   Alitalia
The Rome-based government will give the green light to the funding at a cabinet meeting, people familiar with the situation said.

Topics: Italy Alitalia loan

Foreign airlines Deutsche Lufthansa AG and Delta Air Lines Inc. have in the past shown some interest in investing in Alitalia, but plans for possible equity involvement have to date been conditioned on far-reaching, credible cost-cutting commitments.

Alitalia has been managed by state-appointed administrators since 2017 and is currently burning through a previous 900 million-euro state loan.