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Alitalia Risks Bankruptcy Without Capital Increase: Source

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Alitalia Risks Bankruptcy Without Capital Increase: Source

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Alitalia Risks Bankruptcy Without Capital Increase: Source

by Wochit 0:36 mins

By Giselda Vagnoni ROME (Reuters) - Loss-making Italian airline Alitalia risks having to file for bankruptcy if it fails to agree a deal for a capital increase in the next couple of weeks, a government source said on Tuesday. Alitalia needs about 500 million euros ($680 million) to stay in business and invest in a new turnaround strategy, analysts have said, after accumulating losses of more than 1 billion euros and debt of a similar size since being rescued from bankruptcy in 2009. ...

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