Advertising Console

    Italy in search of cash to keep Alitalia airborne

    euronews (in English)

    by euronews (in English)

    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.