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

Quick Facts

Editors Pick
The U.S. Food and Drug Administration Thursday announced it will start regulating all tobacco products, including e-cigarettes, cigars, hookah tobacco and pipe tobacco, just like it regulates cigarettes. Under the new rules, e-cigarettes manufacturers should receive marketing authorization from the... News Corp. (NWS, NWSA) on Thursday posted a loss for the third quarter, hurt largely by lower advertising revenue at news and information segment and a stronger dollar, partly offset by growth in the digital real estate business. The New York-based media company reported a third-quarter loss of $149... Action-sports camera maker GoPro Inc. (GPRO), Thursday posted a loss for the first quarter, as revenues nearly halved and margins dropped sharply reflecting weak demand for its wearable cameras. Loss for the quarter were higher than what Wall Street analysts estimated, but revenues trumped expectations. San...
comments powered by Disqus
Follow RTT