Alitalia Airlines Still Facing Bankruptcy

May 1, 2019

This Tuesday marked the deadline for Alitalia, Italy’s flagship airline carrier, to find investors to avoid falling into bankruptcy. The deadline passed without a word, leaving the future of Alitalia up in the air.

Deputy Prime Minister Luigi Di Maio said during a visit to Tunisia on Tuesday, that the Italian government was assessing new offers from potential investors, and that private investors have been making offers in order to rescue Alitalia. In fact, Italy’s state railway, Ferrovie dello Stato, and U.S. carrier, Delta Air Lines, have agreed to contribute to a bid worth nearly 1 billion euros, but this would still leave a shortfall of around 400 million euros.

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