Banks may step in to help Alitalia
Zanonato discusses financial help with Alitalia managers01 October, 19:02
After a meeting between leaders from the air carrier and senior government officials including Premier Enrico Letta at Palazzo Chigi, Zanonato said that banks have indicated "a great spirit" of willingness towards assisting Alitalia.
The parties are together "trying to find a solution to overcome the...financial difficulties and to activate the recovery plan," for the Italian flagship carrier.
Letta had encouraged lenders to assist Alitalia, which last week announced a 294 million euro loss in the first six months of the year.
Alitalia's board of directors approved a 100-million-euro capital increase plan at a board meeting last week, heightening speculation that Air France and KLM, which together own about 25% of the troubled Italian carrier, may further increase their holdings.
The airline has called an extraordinary shareholders meeting on October 14 to formally approve the capital plan.