Radarspotting
Miscellaneous => Aviation News => Topic started by: mhm on October 11, 2013, 11:37:01 PM
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
The Italian Postal Service is state owned. State aid for airlines is expressly forbidden by EU law!