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Alitalia secures 300m euros in new capital, reassures unions

Still winging it: The capital raising is likely to allow Alitalia to keep flying throughout the key Christmas holiday season. - PHOTO: REUTERS

[MILAN] Alitalia has finally secured the 300 million euros (S$517 million) it needs to keep flying over Christmas, a source said on Tuesday, concluding a drawn- out capital raising that showed how much work the airline has to convince investors it can survive. The cash call was part of a bigger