braindoc
100+ 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.
“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.