U.S. Markets open in 3 hrs 57 mins

Air France-KLM confirms backs Alitalia emergency plan

PARIS (Reuters) - Franco-Dutch airline Air France-KLM (PAR:AF) confirmed that its directors on the board of Alitalia approved an emergency plan to enable the Italian airline to continue to operate.

"The board of directors of Alitalia decided to submit to its next general assembly of shareholders an authorisation to increase its capital by 300 million euros (255.1 million pounds)," Air France-KLM said in a statement on Friday.

"The directors appointed by Air France-KLM have approved this emergency plan to enable continued operations at Alitalia."

(Reporting by James Regan; Editing by John Irish)