An Alitalia Airbus A330 taxies at Miami in February 2013. Photo: Andrew Thon – OPShots Contributor //
Italy’s government drew fire on Friday after stitching together an emergency bailout for Alitalia that critics said should involve less taxpayer money and more long-term strategy, while top shareholder Air France-KLM refused to commit to the plan.Alitalia, which last turned a profit in 2002, needs to secure funding of 500 million euros $676 million by Saturday or risk its planes being grounded. Creditor Eni has threatened to cut fuel supplies unless the airline can show it is a business “we expect to exist six months from now.”
via Alitalia plan not enough, say critics, as Air France keeps quiet – Yahoo Finance.
