Italy ready to hand Alitalia $442 million loanChristian Fernsby ▼ | December 3, 2019
Italy is set to approve a new 400 million-euro ($442 million) loan for failed airline Alitalia.
Air industry Alitalia
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. ■