Stricken Alitalia debts totalled US$3.3b at end of February
Loss-making airline Alitalia, which asked to be put under special administration Tuesday, had debts of around E3b (US$3.3b) as of the end of February, Italy's govt said Saturday. In a document marking the opening of the special administration process and the appointment of 3 commissioners to run the airline, the govt said Alitalia had current liabilities of around E2.3b and assets worth E921m. Rome has ruled out renationalising Alitalia, an airline that was once a symbol of Italy's post-war economic boom. The airline's balance sheet will be scrutinised by the 3 commissioners who have been given 6 months to assess whether it can be restructured, either as a standalone company or through a partial or total sale, or else liquidated. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-08/sky/stricken-alitalia-debts-totalled-us-3-3b-at-end-of-february
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Stricken Alitalia debts totalled US$3.3b at end of February
Loss-making airline Alitalia, which asked to be put under special administration Tuesday, had debts of around E3b (US$3.3b) as of the end of February, Italy's govt said Saturday. In a document marking the opening of the special administration process and the appointment of 3 commissioners to run the airline, the govt said Alitalia had current liabilities of around E2.3b and assets worth E921m. Rome has ruled out renationalising Alitalia, an airline that was once a symbol of Italy's post-war economic boom. The airline's balance sheet will be scrutinised by the 3 commissioners who have been given 6 months to assess whether it can be restructured, either as a standalone company or through a partial or total sale, or else liquidated. <br/>
