Alitalia rescue hopes rise as Lufthansa looks set to step in

BERLIN/ROME (Reuters) – Alitalia’s rescue hopes received a boost on Thursday with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a 350 million euro ($389 million) bridging loan to ease immediate cash worries. Loss-making Alitalia has been run by special administrators since May 2017 and talks led by state-owned railway group Ferrovie dello Stato to put together a consortium of rescuers have been going on for a year without coming close to a deal. Until now Ferrovie has been negotiating with U.S. carrier Delta Air Lines and infrastructure group Atlantia, but …read more

Source:: Yahoo Finance

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