Tag Archive: Financial Woes

Alitalia plan not enough, say critics, as Air France keeps quiet – Yahoo Finance

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 …

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