Alitalia rescued after financing deal agreed

[mhm]

Alitalia has avoided bankruptcy after the airline's shareholders agreed to raise fresh funds.

The board of Alitalia agreed to a 500m euros (£425m; $678m) rescue package.

Shareholders will contribute 300m euros, including 75m euros from the Italian postal service, and the rest will be financed by banks.
http://www.bbc.co.uk/news/business-24500411

[viking9]

The Italian Postal Service is state owned. State aid for airlines is expressly forbidden by EU law!