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    Italy in search of cash to keep Alitalia airborne

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    euronews (in English)

    by euronews (in English)

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    Italy is looking to the banks to provide a temporary financial solution to keep Alitalia airborne.

    The company, beset by problems, is looking for its major shareholder Air France-KLM to make a cash investment and increase its 25 percent holding in the airline.

    Earlier in the week Italy said it was prepared to sell 50 percent of the company to the Franco-Dutch outfit.

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    http://www.euronews.net/