logo
Share SHARE
FONT-SIZE Plus   Neg

Alitalia To Submit Authorization To Raise Capital By EUR 300 Mln

Alitalia's board has decided to submit to its next general assembly of shareholders an authorization to increase its capital by 300 million euros. The directors appointed by Franco-Dutch airline Air France - KLM's (AFLYY.PK,AFRAF.PK) have approved this emergency plan to enable continued operations at Alitalia.

The board voted on the measures a day after Alitalia sought help from the government to convince shareholders and creditors to put up more money for an airline that has failed to make a profit since coming out of bankruptcy five years back, according to the Wall Street Journal.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Fox News pundit Bill O'Reilly remains under fire amid accusations that he trumped up his role in covering international events. Only weeks after a Mother Jones article raised doubts about his claims that he was in the "warzone" during the Falklands War, the Washington Post noticed that O'Reilly once... PayPal, the online payment unit of Ebay, said it has agreed to buy mobile payment company Paydiant as part of efforts to expand its mobile offerings for merchants. The deal comes at a time when the mobile payment space is suffused with prominent players like Apple and Google, with retailers seeking their own mobile payment applications. Google plans to launch a limited-scale U.S. wireless service, which while not taking on the big players in the industry, would nonetheless incorporate technical innovations that could be absorbed the carriers. This was announced by Sundar Pichai, a top Google executive, at the ongoing World Mobile Congress in Barcelona.
comments powered by Disqus
Follow RTT