Post office steps in to help save Alitalia
Italy’s state-owned post office is to step in to help save the country’s near-bankrupt airline Alitalia.
The Italian government did not say how much the post office, Poste SpA, would be investing.
The airline needs to raise €455m to stay in business.
Industry observers believe a merger with Air France-KLM, which already owns 25% of Alitalia, is the most likely long term solution to its problems.
But Air France-KLM has not yet made any comment on its plans.
Earlier this week, An Italian oil firm threatened to cut off fuel supplies to Alitalia unless it can reach a deal to keep its business going.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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