Struggling Italian carrier Alitalia is burning through its cash resources at the pace of around €300 million ($334 million) a year, its new temporary administrator, Giuseppe Leogrande, told members of a parliamentary committee.
In November, after months of talks, railway group Ferrovie dello Stato, U.S. carrier Delta Air Lines and infrastructure group Atlantia backtracked on a plan to rescue the carrier.
That left the government to choose between liquidating the company, or injecting more taxpayers' money to keep it flying.