Alitalia future under a cloud
An Italian oil firm has threatened to cut off fuel supplies to Alitalia unless it can reach a deal to keep its business going.
The airline is trying to raise US$136 million from its shareholders to avoid bankruptcy.
The BBC reports that the Italian oil firm ENI, which is owed 30 million euros by Alitalia, will stop supplies on Saturday unless it is reassured by Alitalia’s management and the government that the business is viable.
Shareholders, which include Air France KLM, are due to vote on a financing deal on October 15.
Alitalia was rescued from bankruptcy in 2009 by a consortium of investors. Under the deal Air France KLM took a 25% stake in the carrier.
Reports say that Italy’s civil aviation authority ENAC will meet company executives to assess whether Alitalia is a viable concern.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive