Italy to inject 3 billion euros in new Alitalia: industry minister

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Italy's government will inject fresh capital worth at least 3 billion euros ($3.24 billion) in the ailing carrier Alitalia, which is being nationalised following financial problems, Industry Minister Stefano Patuanelli said on Thursday.

FILE PHOTO: An Alitalia Airbus A320-200 airplane approaches to land at Fiumicino airport in Rome, Italy October 24, 2018. REUTERS/Max Rossi

ROME - Italy’s government will inject fresh capital worth at least 3 billion euros in the ailing carrier Alitalia, which is being nationalised following financial problems, Industry Minister Stefano Patuanelli said on Thursday. Alitalia has endured 11 years of difficult private management and three failed restructuring attempts, problems exacerbated by the coronavirus crisis that has devastated the global airline industry.

Under state control, the carrier “will focus strongly on long-haul routes, also with new transatlantic alliances,” Patuanelli said speaking at the Italian Senate.Reporting by Giuseppe Fonte; editing by Agnieszka Flak

 

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Fantastico, proprio quello di cui c'era bisogno. La priorità numero 1.

amlivemon What a waste of money. But demanding hundreds of billions from the EU

MHiesboeck What a shame

Como os outros injectam, a tugaria também injecta! Viva a TAP, companhia que só come o dinheiro dos portugueses, todos os anos!

socialism - a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

I don't even know why we have the least competitive airline on the planet in Italy. It's be better to remove all bureaucracy and the ridiculously limiting restrictions Italy imposes than wasting taxpayers money all the time.

Best airline ever.

State Aid* (the rules can go to hell when the EU say so).

Riadh_B Sophie_Wilmes vlaparl alexanderdecroo DeKamerBE

My family is in Italy.🇮🇹 I am not going to get into a crowded closed-up flying sardine can & fly 6 hours to visit them, only to have to do it again when I return home. PANDEMIC 🦠✈️

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