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Alitalia rescued!


10+ Posts
The long wait is over.

“MILAN (Reuters) - The Italian government will take full control of Alitalia [CAITLA.UL] in June, Industry Minister Stefano Patuanelli said on Thursday, adding the airline would have gone bust due to the coronavirus crisis otherwise.”

Apparently, a 600 million € infusion of cash from Rome. They will have fewer planes but at least the uncertainty is gone.

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