Alitalia bleeds around €300 million a year, administrator says

Business Jan 8, 2020

Alitalia bleeds around €300 million a year, administrator says

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. ...

Alitalia rescue hopes rise as Lufthansa looks set to step in

Business Oct 18, 2019

Alitalia rescue hopes rise as Lufthansa looks set to step in

Alitalia received a boost to its hopes of rescue on Thursday with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a €350 million ($389 million) bridging loan to ease immediate cash worries. Loss-making Alitalia has been run by ...

Alitalia faces uncertain future as easyJet quits rescue talks

Business Mar 19, 2019

Alitalia faces uncertain future as easyJet quits rescue talks

The future of Alitalia was plunged further into uncertainty on Monday after British budget airline easyJet pulled out of talks to rescue the Italian carrier two weeks before a deadline to save it. EasyJet said it had decided to withdraw from the process after discussions ...